Digtal Camera Resource has posted review of the DMC-LZ5.

From the article:

Photo quality was hit and miss. The hits include good exposure, sharpness, and color, while the misses include noise, vignetting, and occasional blurry corners. The biggest negative was the noise — there’s too much of it at ISO 80, and it goes downhill from there. The high sensitivity modes border on uselessness, as they look more like paintings than photographs. As I said earlier, the noise issue won’t really matter if you’re only making small prints, but if you like large prints or inspecting the photos on your computer, then you may be disappointed. Redeye was also a problem on the camera, though your results may differ from mine.

The camera has lost points because of a poor LCD resolution, no optical viewfinder, no USB 2.0 and tiny amount of built in memory. The photo quality is good but it sufferes due to noise,  and blurriness.

[ Click here for the full review ]