Capture impressive high-definition movies and dazzling photos with the Panasonic Lumix DMC-FZ700 ($500). This compact camera packs all the desirable features found in a DSLR into an easy-to-use hybrid. The Lumix DMC-FZ700 features a Leica DC Vario-ELMARIT lens with an impressive 24x optical zoom, 14.1 megapixel CMOS sensor, Intelligent Burst shooting, a 3.0-inch tiltable LCD screen and more.

With a compact and lightweight design, the Sony Bloggie Camera PM5 ($150) easily fits in your pocket to capture the fun where ever you go. It features a rotating lens that swivels 270 degrees to capture 1920×1080 high deffy videos or stills from any angle. The swing out built-in USB arm connects directly to your computer for charging or uploading and sharing your files.

Sony combines point-and-shoot simplicity with DSLR performance with the Alpha NEX-5 ($650). Its extremely compact and lightweight body is made of magnesium-alloy and packed with 14.2-megapixel APS Exmor CMOS sensor for capturing impressive stills and high-def 1080i video. Other features include an interchangeable 18-55mm E-Series lens, up to ISO 12800, tiltable 3-inch TFT TruBlack LCD screen and supports Memory Stick PRO Duo or SD/SDHC cards.

Stop fumbling getting your camera out of the bag and never miss capturing the perfect shot again with the Cloak Bag ($50). This unique, easy-to-use bag is essentially a carrying case that lets your shoot with the camera still inside the bag. To shoot, simply flip open the magnetically secured top flap to view the screen and/or viewfinder, access the shutter buttons and controls with the finger slot and make any lens adjustments through the zippered side sot.

Just in time for summer, the Sony Cyber-shot TX5 ($350) hosts new welcomed features lacking from Sony’s flagship TX7. The Cyber-shot TX5 boast a slim profile and a rugged construction that’s dust-proof, freeze-proof down to 14 °F, shockproof up to 5 feet, and waterproof up to depths of 10 feet. Along with a durable design, the TX5 includes an Exmor R CMOS sensor, a touchscreen LCD display, Sweep Panorama mode, 720p HD video recording, 10fps shooting, Optical SteadyShot image stabilization and more.

Inspired by the Pentax Auto 110 micro-SLRs, the Optio I10 ($300) sports a cool retro facade. It features a 12.1 megapixel sensor, 2.7-inch LCD, 5x zoom covering a 28-140mm equivalent range and  built-in image stabilizer. The slim Optio I10 is also capable of capturing 720p HD movies, adding filters for visual effects and face recognition, including that of cats and dogs.

The new Samsung TL500 ($450) combines the form factor of a point-and-shoot with the visual ability of a full-fledged DSLR. The TL500 features 24mm, 3x optical zoom, f/1.8 Scheider lens that excels in low lighting conditions, a large, 10-megapixel 1/1.7-inch CCD sensor, Aperture and Shutter priority, Manual shooting modes, dual image stabilization, RAW support, and an articulating tilt-and-swivel 3-inch AMOLED display.

The Panasonic Lumix DMC-TS2 ($TBA) features improved specs lacking from its predecessor. It boasts an even lower temperature resistance from 32°F down to 14°F, better shock absorption and tiple the water resistance for a depth rating of 10 meters.

Concept or not, Sony’s not keeping their new variant of a compact micro four-thirds lens camera under wraps. Poised to compete with the Olympus PEN E-PI or E-P2, the Alpha DSLR features an Exmor APS HD CMOS sensor, interchangeable lenses, DSLR-level controls and Full AVCHD video capability to shoot high-def video.