Overview:

A 28mm Wide-Angle Lens Expands Your Shooting Fun — Compact LEICA DC lens features 10x optical zoom
Now you can fit sweeping landscapes into a single frame with the 28mm wide-angle setting, and pull in subjects from far away to capture even subtle facial expressions with the dynamic 280mm telephoto setting. Ideal for traveling, this camera combines a wide-ranging lens with a handy, compact body. The Extended Optical Zoom function also extends the zoom to as much as 15x, giving you even greater telephoto power.

Taking Hand-Shake Out of the Picture — MEGA O.I.S. helps keep your shots steady, even if you're not
Hand-shake is a problem with most small cameras — but not with the TZ3. MEGA O.I.S. (Optical Image Stabilization) makes it easy to take clear, sharp shots at times when hand-shake is normally a problem, such as when you're on the move, in a car, or any time you can't use a tripod. You can capture all the sights of your trip in beautiful, blur-free photos that make great memories.

Detects Movement, Helps Prevent Blurring — Intelligent ISO Control helps eliminate blurring caused by subject motion
The TZ3 features Intelligent ISO Control, which prevents motion blur by detecting subject movement and raising the ISO setting and shutter speed accordingly.

Features:

• Camera Effective Pixels: 7.2 Megapixels
• Optical Image Stabilizer: MEGA O.I.S. (Mode 1 / Mode 2 )
• Optical Zoom: 10x
• CCD (Image Sensor): 
  • 1/2.35",
  • 8.50 Total Megapixel CCD
  • Primary Color Filter
• Extra Optical Zoom: 
  • 4:3 Aspect Ratio: 12x for 5 Mega, 15x for 3 Mega, 2 Mega, 1 Mega, 0.3 Mega
  • 3:2 Aspect Ratio: 12.6x for 4.5 Mega, 15x for 2.5 Mega
  • 16:9 Aspect Ratio: 13x for 3.5 Mega, 15x for 2 Mega
• Digital Zoom¹: 4x
  • (Max. 40x combined with Optical Zoom without Extended Optical Zoom)
  • (Max. 60x combined with Extended Optical Zoom)
• Focal Length: f=4.6-46mm (35mm equiv: 28-280mm)
• Leica DC Vario-Elmarit Lens: 11 Elements in 9 Groups (3 Aspherical Lenses/4 Aspherical Surfaces, 1 ED Lens)
• Aperture Range: 
  • Wide: F3.3/F8 (2 steps)
  • Tele: F4.9 - F11 (2 steps)
• Focusing Area: Normal: Wide 50cm/ Tele 200cm - infinity Macro, Simple, Intelligent ISO, Motion Image, Clipboard: Wide 5cm/Tele (except for Tele end) 200cm - infinity Tele Macro (at Tele end): 100cm ? infinity
• AF Metering: 
  • 1 point
  • 1 point high speed
  • 3 points high speed
  • 9 points
  • Spot
• Focus: 
  • Auto Focus System
  • Normal/Macro (Dial)
  • Continuous AF On/Off
• AF Assist Lamp: Yes
• ISO Sensitivity: Auto / 100 / 200 / 400 / 800 / 1250 (High Sensitivity Mode: 3200)
• White Balance: Auto / Daylight / Cloudy / Shade / Halogen / White Set / White Balance Adjustment (+10 steps) (except for auto set)
• Exposure: Program AE
• Exposure Compensation: 1/3 EV Step, ± 2 EV
• Backlight Compensation: Yes (at simple mode)
• Auto Bracketing (AE): +1/3EV-1EV Step, 3 Frames
• Light Metering: Intelligent Multiple / Center-weighted / Spot
• Shutter Speed: 
  • 8 - 1/2,000 sec.
  • Starry Sky Mode: 15, 30, 60 sec.
• Self Timer: 10 seconds / 2 seconds
• Auto Review: 1 sec/3 sec/zoom
• Review: 1x/4x/8x
• Picture Adjustment: No
• Color Effect Mode: No
• Recording Format: 
  • JPEG(Design rule for camera file system based on Exif 2.21 standard)
  • DPOF corresponding image w/ audio: JPEG(Design rule for Camera File system, based on Exif2.23 standard)+QuickTime
  • Motion image: QuickTime Motion JPEG
• Image Quality: Fine/Standard
• 4:3 Aspect Ratio (Still Image): 
  • 3072 x 2304
  • 2560 x 1920
  • 2048 x 1536
  • 1600 x 1200
  • 1280 x 960
  • 640 x 480
• 3:2 Aspect Ratio (Still Image): 
  • 3216 x 2144
  • 2560 x 1712
  • 2048 x 1360
• 16:9 Aspect Ratio (Still Image): 
  • 3328 x 1872
  • 2560 x 1440
  • 1920 x 1080
  • 4:3, 3:2, 16:9 Multiaspect
• Motion Image (4:3 Aspect Ratio): 640 x 480, 320 x 240
• Motion Image (16:9 Aspect Ratio): 848 x 480
• Burst Shooting Mode: 
  • Full-Resolution Image: 3 frames/sec or 2 frames/sec
  • Full-Resolution: Max. 7 images(standard mode), Max. 5 images(fine mode)
• Unlimited Consecutive Shooting²: Yes
• Still Image Recording with Audio: 5 seconds
• Audio Dubbing: Maximum of 10 Seconds
• Real-time Histograms: Yes
• Composition Guide Lines: Yes (2 patterns)
• Built-in Memory: 12.7MB
• Scene Mode Help Screen: Yes
• Auto Angle Detection: Yes
• Travel Date: Yes
• Economy Mode: Yes
• Built-in Flash Mode: 
  • Auto, Auto/Red-eye Reduction,
  • Slow Sync./Red-eye Reduction
  • Forced On/Off
  • Wide: 0.6 - 4.2m (ISO Auto)
  • Tele: 0.3 - 2.8m (ISO Auto)
• External Flash: No
• Viewfinder: No
• LCD Monitor: 
  • 3.0" Diagonal Polycrystalline TFT LCD Display (230k pixels)
  • Field of view: approx. 100%
  • Power LCD Mode, High Angle LCD Mode
• Playback Mode: 
  • 25 or 9-Thumbnail Display
  • Calendar Display, Zoomed Playback (16x max)
  • Image Rotation
  • Slide Show
  • Favorite Pictures
  • Resizing
  • Trimming, Protection
  • DPOF Print Setting
• Recording Media: 
  • Built-in Memory
  • SD Memory Card
  • SDHC Memory Card
  • MultiMediaCard
• Microphone: Yes
• Speaker: Yes
• Direct Print: PictBridge
• Power Supply: 
  • Lithium-ion Battery Pack (3.7V, 1000 mAh)(Included)
  • AC Adaptor (Input: 110-240V AC)(Optional)
• Battery Life³: Up to 270 pictures (CIPA Standard)
• ArcSoft® PhotoImpression™: Yes
• ArcSoft® Panorama Maker™: Yes
• ArcSoft® PhotoBase™: Yes
• USB Driver: Yes
• Lumix® Simple Viewer: Yes
• Photo Fun Studio: Yes
• Battery Charger: Yes
• Battery Pack: Yes
• Battery Carrying Case: Yes
• SD Memory Card: Not included
• Lens Cap: No
• Lens Hood & Adaptor: No
• Cables: AC, AV & USB
• Strap: Yes
• Dimensions (H x W x D): 4.20'' x 2.37'' x 1.47''
• Weight: 0.51 lbs
• Color: Silver

Footnotes:

1. As digital magnification increases, resolution significantly decreases.
2. Number of shots may vary depending on memory card size, battery power, picture size, and compression. The consecutive shooting speed varies depending on the memory card or the built-in memory.
3. Shooting conditions: 73.4°F with 50% humidity;LCD On; Using an SD Memory Card; Starting to shoot 30 seconds after turning on the power; Shooting once every 30 seconds with the flash in full operation for every other shot; Changing the zoom setting from telephoto to wide, or wide to telephoto, for each shot; Temporarily turning the power off after each 10 shots (long enough to lower the battery temperature. For DMC-LC1: Shooting once every 30 seconds, flash in operation for every shot, 77°F(25°C) ambient temperature.