This is not a pocket camera: DMC-LX5 10.1 MP Digital Camera with 3.8x Optical Image Stabilized Zoom and 3.0-Inch LCD, Leica DC Vario-Summicron lens (Black). The list price is $499, but it usually sells for about $369 (The white version is that price)
This is a more serious photographer’s point & shoot camera than I typically carry around, at an aggressive price point (full details after the jump).
If you want a simple pocket camera, I would suggest the Panasonic Lumix DMC-ZS8 (14.1 MP Digital Camera with 16x Wide Angle Optical Image Stabilized Zoom and 3.0-Inch LCD) at $169. This was a $400 camera a few years ago.
Panasonic Lumix LX5 highlights
• Professional-quality photos and High Definition (HD) video.
• Ultra-bright F2.0 ultra-wide-angle 24mm Leica DC Vario-Summicron lens (twice as bright as a F2.8 lens)
• 24mm wide angle lens offers extraordinarily large viewing space
• Optical zoom is extended to 3.8x (90mm) making the LX5 even more versatile.
• Highly-acclaimed 10.1-megapixel CCD, but it has an expanded dynamic range by increasing the sensitivity and the saturation.