Panasonic Lumix DMC-GF3 12MP Digital Camera with 14-42mm Zoom Lens (Black) for $444.17

Panasonic's LUMIX DMC-GF3 realizes all the features you want from a bulky DSLR interchangeable lens camera, only it accomplishes this in an ultra compact point-and-shoot camera body about as wide and tall as a typical smart phone yet is lightweight and simple to master. This remarkable reduction in size and weight is thanks to advancements in new mirror-free camera technology, and large DSLR format sensors that are more compatible with a new class of compact Micro Four Thirds (MFT) System lenses.