Ron G. wrote:
... I am still hoping that someone can say authoritatively that it is possible to have 12x optical zoom in a compact camera that has a bright lens and a large sensor.
You're in for a long wait. My guess is that it's going to be 3-5 years before liquid lenses (and batteries to drive them) have developed enough for a pocketable camera to have a lens with the specs you describe. Until then (or until some other new tech comes along), I can say authoritatively that it is
not possible to have a camera/sensor/(glass) lens combo like you describe.
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... some potential dslr buyers may wonder if it was worth paying the extra hundreds of pounds for what could turn out to be very marginal improvements.
Which brings up another point: new tech is almost always expensive. So even when advances in technology make such a camera/sensor/lens combo possible, it will probably cost as much or more than a DSLR. Eventually, yes, costs will likely come down (as they almost always do), but now you're looking at maybe 5-8 years.
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I think that the Panasonic fz200 (which I was referring to as a bridge camera) was an interesting subject to raise (thanks, Jiko) because it has the sort of technology which may find its way into compacts (here's hoping).
Hoping can't change physics. There's no way a glass lens with the specs you want can be made small enough to fit into "a normal-sized pocket".
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I've been back to Panasonic's website to confirm that they are claiming a value of f2.8 throughout the entire optical zoom range.
Yes, and that optical zoom range is 4.5-108mm. Because of the smaller sensor, that 4.5-108mm range has a 35mm equivalent of 25-600mm, but when you apply crop factor you must apply it to both focal length
and aperture, not just one. So the FZ200 is either f2.8 at 4.5-108mm or f16 at 25-600mm. It is not f2.8 at (25-)600mm.
Mark