I Have used a Coolpix 3200 for some time and decided to upgrade to an L4 for its smaller size and wider range of exposure modes. It really is good and produces excellent pictures, and quick to set up and get going. However, I wish that I had read the other reviews - the lack of sound on a camera that has a video function is such an omission! (the older 3200 has sound). OK, for serious video work you would use a camcorder, but for fun use sound does add that extra dimension.
The other omission that wasn't obvious from the ad is the lack of a viewfinder. The LCD screen is large and bright, but in bright ambient light the viewfinder would have been useful.
Nevertheless I would still strongly recommend this camera and the Amazon deal is very good (do get a high speed SD card at the same time!). I have used small Pentax and Canon digital cameras but greatly prefer Nikon - also much better value for money!