Pentax dropped its Optio P-series ultracompacts from its 2010 point-and-shoot lineup, and launched the H90 instead. Today, Pentax announced the Optio S1, a new line and camera that's a lot like the H90, but with rounded corners.
Basic specs include a 14-megapixel CCD sensor, 2.7-inch LCD, and a wide-angle f3.9-5.7 28-140mm-equivalent lens with a 5x zoom. Unlike the H90, though, the S1 has sensor-shift image stabilization.
As for shooting modes, it's geared for those who typically never leave auto. However, there are a couple extras like a high dynamic range (HDR) option for better highlight and shadow detail and some art filters like Toy Camera and Retro. It'll capture 720p HD-quality movies at 30 frames per second, too.
While it's nothing extraordinary, Pentax always offers a sub-$200 small, stylish compact, and the Optio S1 is that camera for 2011. Look for it in March.