I almost bought that cam for the same reasons. I *sort of* EDC a camera when I have my pack with me, which is almost every day. Anyway, that Olympus has great features, but everything I read said the optical quality was lacking to say the least. I'm curious what you get for shots? I went with the Canon SD800 IS Digital Elph both for the 3.8x optical zoom and the built-in Image Stabalization. It's been taking great pictures and is super convenient. So much so that I haven't taken my Canon EOS 20D out of the pack in a while.