I have a definitely positive opinion about the Olympus C700 Ultra Zoom. I have owned it for over half a year, taken probably over 1500 pictures, and I think it is an excellent camera. It is the only camera I have found with anything over a 4X optical zoom. The 10X zoom is superb and, in daylight or even in lowlight on a tripod with auto shutter release, I have had no problems with blurring at all zoom or no. I am not sure what the problem the other person was having with all his zoom pictures being blurred. Digital zooms are not worth it at all, in my opinion, because of the blurring. Optical is the only way to go and nothing I found six months ago even comes close to a true, 10X optical zoom.
The Olympus has ISO settings up to 800 and an auto setting for taking action pictures that I use quite often. That works very well. I am still experimenting to see how best to reduce camera shake in indoor and low-light shots without the tripod. I dont know that there is an answer to that. However, the flash works very well for indoor shots. The flash is a pop-up model but it also has a setting to force a flash regardless of lighting conditions. That is particularly useful in situations with bright back lighting.
The Olympus also has many more settings, which can give you complete control over many different settings on the camera. I am no camera expert and have not gotten into nearly as many of these as I will be able to in the future.
There are three quality settings and I use the middle setting almost all of the time. Pictures are created at about 400-500K, which is good for emailing. The highest resolution creates images at about 1000K, which are a bit unwieldy for emailing. At the middle setting, I can get 128 pictures on at 64K memory card. I have two 64K memory cards. I also have three sets of 4, AA rechargeable batteries, which I just rotate. However, I use the viewfinder a lot that takes a lot of juice and I still seldom exhaust a set of batteries during a single days use, even when I take 50 or more pictures. There is a battery saver function that can be set to automatically turn off the camera within anywhere from 30 sec. to 5 minutes.
In summary, I think it is an excellent choice. You should also be able to get it for under $400 now although I paid over $500 for it. The 64k cards retail for about $50 apiece but you might be able to get them considerably cheaper over the internet as well.