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I have several Panasonics, from cheap P+S models to several Micro 4/3 cameras and lenses. The LX5 is a fine camera. The ZS series is a decent p+s with a very long zoom range, though it's not a "high end" zoom. I have the ZS1 that I got at Costco for ~$100 and I take it on most of my hiking trips. 25-300mm equivalent lens, image stabilized. Decent outdoor daylight photos.
Other models to check out:
Canon S100 - very well regarded small p+s Fuji X10 - larger, more manual controls, nice little zoom, probably heavier Sony RX100, if money is no object, this is probably the best compact on the market
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