I like this camera. It's not the great sports camera that the FZ200 is. It handles similarly to the FZ47 I had several years ago. The wide angle 20mm setting is useful though there is visible geiometic distortion. It focuses pretty fast in ok to good light. If I were a private investigator, I might use this camera in my car on surveillance jobs.
I you are an absolute pixel peeper and blow everything up to 100% and beyond, don't get this camera. Get a DSLR. Be prepared to pay a lot, though and don't expect to get a good 600MM F/4 lens for less than an arm and a leg. Even the Bigma (Sigma 50-500mm) lenses are over $1,500 new.
I think it's a good deal for the price ($399 and under in the US).
So, I, too, wish there were an upgrade to the FZ200. However, I can be quite happy with this camera for the time being.