C|net just layed mits to the 8 megapixel Olympus Stylus 810. In their review of this weatherproof (not waterproof) shooter with image stabilization, c|net calls the 810 a "very good" camera with "solid" image quality. Sure, noise is the "biggest problem" with the 810 -- quite visible at ISO 400 until becoming a "distinct texture" by the time you reach IS0 3200. However, the reviewer still considered the quality "acceptable" when compared to the alternative of dark and blurry shots taken under low lighting conditions. But by now, no one should really expect the small CCDs found in these compact shooters to perform any differently, right? Notably, the camera suffered from an "easily washed-out" LCD when used in sunlight which is potentially crippling at times due to the lack of a glass viewfinder. Still, the $349 cam pulled a 7/10 rating largely due to its hot (for a compact) burst mode capable of 12 shots in about 2.6 seconds (at 3 megapixel resolution) and generally good image quality. Still, if you're looking for an 8 megapixel camera, you can probably do better.
[Via Digital Photography Blog]