With a 12.1-megapixel sensor, 12x optical zoom and 720p video mode, the V-LUX 20 has a lot in common with its sibling, the Panasonic Lumix ZS7. The $699 price tag will also get you GPS geotagging, a three-inch LCD with 460,000 pixels and that oh-so-important red Leica dot in the upper right corner. The image stabilization is built-in, which is a good thing if you plan on using the full zoom range, which stretches from 25-300mm (35mm equivalent). It's worth a chuckle to note that it's also equipped with 4x digital zoom, just in case 300mm is somehow too short and you really want to ruin the images that come out of your $700 compact. Despite its full range of manual controls, it's lacking in the RAW capture department, which is a little disappointing, but not all that surprising. More images of its slick matte black body and full specs after the jump.