Thanks everyone for the info.
Being that I am a "novice", and do not know really anything about digital cameras, let me try to say what I will be doing with this camera.
Photos will bemostly family vacation, kids outings, kids close ups, play shotsetc..I am not sure what my "exact" shooting conditions are. My current camera is a Canon A20, so it is very old, and not cutting it these days.
I want something that is easy to use, takes GREAT photos (especially close up), has IS, minimal delay on shooting photos etc. I am leaning towards the TZ1, due to the size, and the fact I could throw it in my purse.I am hoping this camera will last us quite some time.
Any additional info you can offer?