Nikon announced the high-end compact P300 today to compete against the likes of Canon’s popular S95 and Olympus’ XZ-1. First, the good things — the 12 megapixel camera has a sweet f/1.8 24-100mm equivalent lens that should perform quite nicely in low light situations (especially with an ISO that can be boosted up to 3200). It can also record HD video at 1080p and 30fps, and has a 3-inch LCD that’s easy on the eyes.
On the flip side, Nikon decided for some reason to leave RAW shooting out, making this an extremely expensive, high-quality JPEG shooter, something that isn’t going to satisfy more serious photographers who want a smaller compact that still allows serious post-production work. You can find some comparison tables showing this camera stacked up against competition over on CNET and on Nikon Rumors. It’ll be available in March 2011 for $330.