Here are my first hours impressions. (to be followed
by a full review)

(Click for larger image)
Design: First impressions of the F505 are,
wow small, then wow weird, then wow, nice (in that order). It's
MUCH smaller than these pictures make out, to show that I've taken
a side by side of the F505 and its no-zoom sibling the F55.

It fits nicely into the hand, majority of the weight
coming from that big lens, all the controls are at your fingertips,
the screen (back) side of the camera swivelling up to face you
on a tight well-built swivel joint.
Operation: Camera operation is fast, even
writing to the memory stick is considerably faster than I've previously
experienced, menu system is very similar to that found on the
F55 and FD-88 with lots of added functionality (I'll go into that
in more depth in the review). Overall it feels and operates very
well. Nice 5x zoom in playback and smooth scrolling (neat "cropping"
feature which allows you to crop a 640x480 portion from your high
res image). Nice quick image review by hitting the right hand
cursor in capture mode. Good location of macro, whitebalance and
spot meter buttons right there on the lens barrel.
Image Quality: Ah, the crux of the matter.
So far so good, although I've not really shot enough pictures
to be really confident on giving any kind of opinion, having only
had the camera for about four hours.
Some Samples: Please no comments, they're not my
best but just a snippet of whats to come, I'll be working on the
review flat out and hope to have it up next week.