I owned several nikon cameras, including P300 which is the first camera from the P3X0 coolpix series. The new P330 looks very similar to P300, handles very similar, and ,sadly, inherited some of the bad genes from its predecessor: slight lag in going through the menu, slow file saving if NRW(RAW) capture is enabled and slow battery charging when done in camera (though it now supports charging from USB port from computer, a useful addition). It may have a 5x zoom, giving the equivalent of 24mm-120mm for full-frame, the fast aperture is only available at 24mm. When the lense is zoomed to 120mm, fastest aperture available is dropped to f5.6, a 3-stop drop. So, it's not perfect IMHO.
There are many things I like about this camera. First and most important of all, we finally have a P&S from nikon that have fast lense ,support RAW format and, at the same time, is compact enough to be carried around in the pocket. Sensor used in P330 is the same one as in P7100, former top of the line in the Coolpix family, and this 12.2Mpixels sensor performs very well to give crisp, contrasty jpegs with decent rendition of colour. Noise is well under control below ISO400 for jpeg, upto ISO800 for NRW. With aggressive in-camera noise reduction, higher ISOs are also usable. Autofocus works well, though when the lense is fully zoom-out focus acquisition is not so reliable. GPS works, albeit it required an AGPS update to get reliable log-on. Out in the field, signal acquisition is reasonably quick (average 1-2mins). I'm glad to report there is no delay in restarting the camera when GPS is enabled (as it has been reported by the previous review). Overall I've quite happy about this petit yet loaded snapper, and it's fit for my purpose, which is for location scouting for future photo-shoots.
As I use lightroom to organise my photos, I find that the current version (4.4) doesn't handle the new NRW files captured by P330 correctly. Pin-cushion is very obvious, especially in close-up/macro shots. Dialling in between +50 to +100 distortion in lens corrections is sufficient to remedy this oddity. Having said that, it does provide a candid ultra-wide shot straight out of the camera that can be used creatively, if one doesn't mind the very soft corners. I hope this can be rectified in future update from Adobe.
Update(March 2014): I know the P340 has been released, but that's a minor update of the P330 which adds built-in wifi to the P&S and not much else. So, if connectivity isn't a big deal to you, the much cheaper P330 is a real steal. As for the weird NRW format (RAW) distortion as seen on images opened in lightroom and photoshop, the quick fix is done by enabling profile correction (LR: in develop module, under lens corrections, enable and choose profile for P330). it's that easy.
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