This is a 7 mp, 3x optical zoom digital camera. It has an optical viewfinder, a 2.5" LCD screen and runs off of 2 AA batteries or one CRV3 battery. It takes an XD Card.
Macro and Super Macro Focus Modes
Automatic and Manual Focusing Modes
24 Special Shooting Modes (portrait, scenery, fireworks, etc.)
Customizable My Mode Setting
Apeture and Shutter Priority Modes or Fully Manual Setting Control
You can purchase add on telephoto and wide angle lenses or a variety of filters
Edit pictures (like remove red-eye) right from the camera itself
More info from Olympus here!
And here, from Steve's Digicams