Olympus have announced the new Olympus FE-270 - their new, budget, 7 megapixel digital camera - it features a 3x optical zoom lens, 2.5″ screen, 15 scene modes, VGA video, 5cm macro, a built in guide, ISO upto 640, and takes AA batteries:

“Craving a camera that combines high performance and simplicity? The

Olympus FE-270 keeps things fun and easy with the assurance that your precious memories are captured in Olympus quality. It boasts 7.1 Megapixels plus a 3x optical zoom and a large 6.4cm LCD along with a range of selectable scene modes to suit the photographic situation at hand.”

Original post by Joshua