First, the good:
I love that the lens cover slidey-thing is also the power switch. There's no itty bitty little round button to push. You never have to worry that you've left the camera on after you cover the lens and toss it in your bag. Sure, you can't look at the pictures you've already taken while also keeping the lens covered, but that's hardly a major issue.
I also love that the touch-screen allowed them to get rid of almost all the buttons. There's the button to take a picture, the button to start or stop video recording, and a button to switch from picture mode to review mode, and another button to switch back. That's it. Four buttons. Five, if you count the zoom dial as a button. Compare that to any camera with similar features.
And, well, most of the time it takes pretty good pictures. You get about 600 at the highest quality settings on a 4-gig card (or twelve whole minutes of HD video), so you don't need to shell out the big bucks for a giant SD card just to make it so you'll always run out of battery before you run out of memory.
Then, the middling:
This camera uses a different USB cord than every other camera i have, or have had in the past. I liked that i, until now, only needed one cable on my desk, regardless of whether i was transferring pictures from my dSLR, my old canon point-and-shoot, or my camcorder. Now, alas, i have two.
The battery looks cheap. It works fine, but again, unlike every other camera i have or have had, Fuji didn't bother putting the battery in a solid plastic case, so it's this odd, shiny white plastic thing instead. Maybe it shaved a dollar off the price, but i'd never be comfortable tossing this battery in a bag without putting it in some sort of hard container (though i do admit, i rarely carry my batteries outside of their camera).
And, alas, the bad:
The picture quality is not consistent. Pictures are very washed-out on overcast days, which makes this camera useless outdoors about ten months out of the year up here in the Pacific Northwest. Even with the flash, indoor pictures are pretty shoddy unless the environment is ridiculously well-lit. So for sunny days in the park, you'll get crystal-clear images with brilliant color. The rest of the time, well, good luck.
The touch-screen isn't very responsive, especially the menu button in the lower left corner.
The set-up options are arranged oddly. To turn off all the chintzy sound effects, you have to go to each one individually, there's no global 'sound off' option. Since you only get a quick-start guide in the box, unless you print out the full user manual from the internet, you'll be doing a lot of clicking through every single set-up option to find what you want.
Images shown on the touch-screen are low quality, and often orange-shifted. When i first used this camera, i thought all of the pictures (even the sunny outdoors ones) were going to be terrible, because every time i reviewed them on the camera, they looked like smudgy orange-tinted old cell phone pictures. Once i uploaded them onto my computer, many of them were just fine.
The camera is very slow to adjust the focus if you change the zoom in HD video mode. Sometimes it doesn't adjust at all. So if you use this camera for videos, keep your finger clear of the zoom dial, or you'll end up with a lot of High-Def fuzzy blurs.
If you just want a camera to take quick pictures in well-lighted situations, this camera will do just fine. For people who are intimidated by all the buttons and such on modern cameras, this camera will be great. The slide-cover on the front will be much easier for older people to handle than the tiny itty bitty little power buttons on most little cameras. But for anyone with a moderate grip on the state of modern technology and fingers nimble enough to handle a few small buttons, stay clear of this camera.
More bad: after endless frustration trying to hit the buttons on the touch screen (i have pretty small fingers, and never have trouble on other touch-screen devices), i found the 'calibrate' option buried in the menu. It takes you to the calibrate mode, where little X shapes appear on the screen, and you try to touch them. On most devices, this means the device will 'learn' if you have a systematic bias - if when you think you're hitting the X, you're always a little off to the right, the device will 'learn' that and adjust accordingly. This camera? Hah. If you miss the X, it tells you to try again. The Calibrate option isn't for calibrating the camera, it's for calibrating the user. Honestly, this is so stupid that i wouldn't believe it if I hadn't experienced it myself.