I'm a k20d owner and do lots of concert photography - often very low light, and action. The k20d (k7 predecessor and similar sensor) is weak in two areas compared to Canikon - auto focus (AF) and high ISO. The big deficiency for me is the AF. I've lost too many shots whilst the camera was trying to lock in on focus. I love the k20d overall, and have no plans to get rid of it, but will likely get a Nikon d300s for the improved AF and acceptable shots at ISO3200.
One more thing - I have to research the auto focus assist in the K7.
I have the Casio EX-Z120, and for $200 is just about free! It takes nice photos, has very good build quality and has the manual controls as well. Casio's cameras are under appreciated IMHO! The 850 looks like a nice camera!
WOuldn't it be fun to snap that sucker in half? What a poor design!
Let the hive mind of Engadget get that for you.
"I am looking for the best geotagging camera currently available. The most important feature for me is the accuracy of the GPS module, so any hard specs on satellite receiver would be really useful. Thanks for your time!"
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One more thing - I have to research the auto focus assist in the K7.