I just bought the P850 this past Friday and I've been really happy with it. I've taken over 600 photos already (Yeah, I'm snap happy, lol). I'm still learning all the bells and whistles and settings and whatnot. Overall though, I know I am going to be owning this camera for quite some time. You can always buy different lenses, filters, extrenal flash, etc. for this camera too which will all be my next major purchases. I too was thinking of the P712 but don't care for the sticker price on that. I paid $287 for my P850 which I think was a pretty good deal. Good luck in whatever you decide!