Of course, there is no such thing as the perfect camera.  But man, does this come close!  I have never been so happy with a camera -- and I've owned quite a few.Right off the bat, the sensor size is larger than on your average P&S; (point and shoot) camera, but the resolution isn't any higher.  This allows the camera to take MUCH better pictures in low light.  And you will be amazed at how good this camera is in low light!  Short of a DSLR camera, it has no equal.In addition, this camera is built for the serious enthusiast.  Full manual controls make it almost like having a DSLR in your pocket!  And there is a control dial plus a control ring -- making it much easier to control your settings.  Plus, a fast lens and the ability to shoot in RAW ... no wonder so many photographers consider this the best pocket camera available.  And yet, you can keep it in Auto mode and treat it like any other point & shoot.Oh, and the LCD is truly beautiful!The main thing that keeps it from being "perfect" in my estimation is the limited zoom: less than 4X.  I need much more zoom.  But I'd give it all up for this camera!  And, if you want to use the camera as a camcorder, the standard definition video mode is a bit disappointing.  Why not high-def, Canon?The main problems with the camera are pretty minor.  The control dial on the back is very loose and you have to be careful not to accidentally change your settings.  It's also a shame that you can't independently set the control dial and control ring for whatever you want: instead, you have to choose among a number of pre-sets.  It's a little disappointing.  And, if you are very serious, it's worth noting the serious barrel distortion in RAW; but the camera takes care of that in processing JPEGs, so most will never know.Some people complain about the build quality.  Trust me, it's perfectly fine.  It's light, which can be misleading.  But there's nothing wrong with the build quality.  Perhaps they expect more for $400.  I guess I can understand that.  But I'm perfectly comfortable with the build quality.The competition for this camera are the Panasonic LX3, the Fujifilm F200EXR, and maybe the Sony WX1 or TX1.  The Sonys are good low-light cameras, but have no manual controls.  The LX3 and the F200EXR are more serious cameras, but they are no better than the S90 and much more difficult to use.  The S90 seems to get things right right out of the box more often than these others ... from all that I have heard, anyway.  I don't have any of these cameras.  But don't discount ease of use when you consider the competition.I give this camera the highest recommendation possible, even if it's not quite perfect! 

Question: How is the photo?
Answer: MUCH better pictures in low light