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Panasonic has today announced the new Lumix DMC-LS1 digital camera which features an optically stabilized three times optical zoom lens and four megapixel CCD. This camera is a follow-up to the budget-priced DMC-LC70, the biggest change being the introduction of Panasonic's OIS (Optical Image Stabilization), a first for a low- priced compact digital camera. Other improvements include a new version of Panasonic's Venus image processing engine, a 2.0-inch transmissive and reflective LCD monitor and 14 MB of built-in memory.
