Panasonic is kicking out their new 2007 Lumix camera lineup this morning. We'll brings you all of 'em later but let's get busy with the biggest news of the bunch first, the DMC-FZ8 -- heir apparent to the hotly reviewed DMC-FZ7. Positioned right in that gap between high-end compacts and DSLRs, the new FZ8 features Panny's Venus Engine III image processor and delivers a 7.2 megapixel CCD sensor, 12x LEICA DC VARIO-ELMARIT optical zoom lens, optical image stabilization, RAW file format support, ISO 1250 sensitivity, an SDHC memory card slot, and the ability to shoot 848 x 480 video at 30fps. It's at the ready with a 1.8 second startup time, 0.005 second shutter release lag, and a burst mode that shoots at a rate of 3 frames per second at full resolution until your memory card is full or the 380-shot battery gives up the ghost. Available in March for a righteous $349.

[Via LetsGoDigital, Thanks David]