Nikon AW110 or Olympus TG-2
I tried both of these cameras several months ago. I decided to wait until the next versions of them are released, hoping that the noise reduction they both apply might get toned down a bit. If I had to choose between the 2, I'd go with the Nikon. I thought it applied less noise reduction, leaving the images with better detail than the Oly. I did like the Olympus' menu system better, but the image IQ was not quite equal to the Nikon, IMO.
Here's a link to my shots with the Oly - TG-1/TG-2 Images
and the Nikon - AW-110 Images
Good luck, if you haven't already decided.
Camera gear in profile.
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