Olympus recently introduced a new flagship compact camera in the form of the STYLUS SP-820UZ iHS. This new cam features 40X Optical Ultra Zoom lens, Super-Resolution Zoom, 22.4 mm lens, high speed video capture, 240 fps HSQVGA video recording, 1080p full HD video capture, Dual Image Stabilization and Multi-Motion Movie Image Stabilization, HDMI output, 3.0-inch LCD 460K display, and a 14-Megapixel CMOS sensor.

Expect the Olympus SP-820UZ iHS with a $399 price tag when it rolls out in black and silver versions this September.

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