Hands up everyone who thought the "40" meant 4 megapixels? Nope. Olympus today announced the C-3040Z and C-2040Z, new releases of existing cameras (C-3030Z and C-2020Z) with a new fast F1.8 - F2.6 lens (dubbed "Super Bright Zoom Lens"). This move addresses some of the initial criticism of the C-3030Z which was based around the move from a fast F2.0 to slower F2.8 lens.. There are a few other subtle difference between the new cameras and the (now) old models.

The new lens

Olympus, obviously stretching their optical muscle have developed this bright, fast F1.8 - F2.6 lens. Although certainly a positive development it's worth noting that the C-2020Z featured an F2.0 - F2.8 lens and only the move to the C-3030Z introduced the slower fixed aperture F2.8 lens.

Olympus C-3040Z

Differences between the C-3040Z and C-3030Z

  C-3040 Zoom C-3030 Zoom
Lens 3 x zoom
Olympus 35 mm - 105 mm
F1.8 - F2.6
Ten pieces in seven groups
3 x zoom
Olympus 32 mm - 96 mm
F2.8 (fixed across zoom range)
Eight pieces in six groups
Focus TTL ESP AF (0.2m - Infinity)
Spot AF
Manual (0.2m - Infinity)
TTL ESP AF (0.2m - Infinity)
Manual (0.2m - Infinity)
Digital Zoom 1 x - 2.5 x
(up to 5 x in VGA mode)
1 x - 2.5 x
White Balance

Full Auto TTL (ESP)
Four presets
One-touch manual

Full Auto TTL (ESP)
Four presets
Metering TTL ESP
Multi area spot
Spot
TTL ESP
Spot
Aperture Priority Wide: F1.8 - F10
Tele: F2.6 - F10
Wide/Tele: F2.8 - F11
Shutter Priority 4 - 1/800 sec 1 - 1/800 sec
In-camera Contrast can be set -
Movie mode Can zoom Can not zoom
Recording medium SmartMedia
4 MB, 8 MB, 16 MB, 32 MB, 64 MB
SmartMedia
2MB, 4 MB, 8 MB, 16 MB, 32 MB, 64 MB

Full specifications of the C-3030Z can be found here and full specifications of the C-3040Z can be found here.

Olympus C-2040Z

Differences between the C-2040Z and C-2020Z

  C-2040 Zoom C-2020 Zoom
Lens 3 x zoom
Olympus 40 mm - 120 mm
F1.8 - F2.6
Ten pieces in seven groups
3 x zoom
Olympus 35 mm - 105 mm
F2.0 - F2.8
Eight pieces in six groups
Focus TTL ESP AF (0.2m - Infinity)
Spot AF
Manual (0.2m - Infinity)
TTL ESP AF (0.2m - Infinity)
Manual (0.2m - Infinity)
Digital Zoom 1 x - 2.5 x
(up to 5 x in VGA mode)
1.6 x, 2.5 x
White Balance

Full Auto TTL (ESP)
Four presets
One-touch manual

Full Auto TTL
Four presets
Metering TTL ESP
Multi area spot
Spot
TTL ESP
Spot
Aperture Priority Wide: F1.8 - F10
Tele: F2.6 - F10
Wide: F2.0 - F11
Tele: F2.8 - F11
Shutter Priority 4 - 1/800 sec 1 - 1/800 sec
Burst SHQ: 1.4 fps, 3 images
HQ: 1. 4 fps, 7 images
XGA: 1.5 fps, 16 images
VGA SQ2: 1.6 fps, 37 images
SHQ: 0.7 fps, 3 images
HQ: 1.2 fps, 9 images
XGA: 1.4 fps, 7 images
VGA: 1.4 fps, 49 images
In-camera Contrast can be set -
Movie mode Can zoom Can not zoom
Recording medium SmartMedia
4 MB, 8 MB, 16 MB, 32 MB, 64 MB
SmartMedia
2MB, 4 MB, 8 MB, 16 MB, 32 MB, 64 MB
Battery Olympus Lithium battery pack
or 4 x AA
4 x AA
Connectivity Serial
USB
Serial

Full specifications of the C-2020Z can be found here and full specifications of the C-2040Z can be found here.