Olympus SZ-16 iHS

Announced Jan 8, 2013 •
16 megapixels | 3 screen | 25 – 600 mm (24×)
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I'm in the market for a good quality compact camera. Zoom isn't necessary, quality is. I've zeroed down to these two options - Canon Powershot sx240 Olympus SZ-16 They're both being sold at $200 in my country India so I'm having a tough time deciding between these two. At first I was going with XZ-10 but thats not available anywhere right now.  Suggestions?
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Looking for advice on purchasing a new camera.  My first digital camera was a Camedia D560.  Loved the photos I got with it, but once the kids came along it was too slow between photos to keep up with them.  My next one was Kodak Z712.  I was very happy with the response time on it, but had to manually set the ISO to 100 in order for the photos to not be grainy.  Was not as happy with the overall quality of the photos compared to the Olympus, but needed the faster response time for the kids....
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