Panasonic today introduced the LUMIX DMC-FZ50, the successor to the DMC-FZ30, featuring 10.1 megapixels and Panasonic?s Intelligent ISO Control technology which compensates for subject movement to decrease image blurriness. The DMC-FZ50 will have an MSRP of $649.95.

The LUMIX DMC-FZ50 with MEGA O.I.S. (Optical Image Stabilizer) features a 12x optical zoom (equivalent to 35 mm to 420 mm on a 35 mm film camera) f/2.8 LEICA DC lens. It also boasts a 10.1-megapixel high resolution CCD for its image sensor and Venus Engine III for the image processing LSI, making it possible to record an image at a maximum ISO 1600 high sensitivity setting at full resolution. Furthermore, by reducing noise levels, the DMC-FZ50 is able to capture 10.1-megapixel full resolution images even in high sensitivity recordings.

Among the enhancements from its predecessor, the DMC-FZ50 is equipped with a new Function Button which serves as a shortcut to quickly set frequently-used settings such as recording image size, light metering, AF area, white balance, and ISO sensitivity. A newly incorporated custom setting function memorizes the user?s frequent setting patterns so they can be instantly applied by simply selecting this function with the mode dial. The FZ50 also has a 2-inch LCD which flips out to 180 degrees.

The DMC-FZ50 is now compatible with TTL external flashes creating greater flexibility for shooting in a wider range of conditions. The long battery life will allow the user to shoot approximately 360 images on one charge (CIPA).

The DMC-FZ50 will begin shipping in September.