Having been designed to compete with the LX3/5, S90/95, G11/12 it certainly does so proficiently so long as you dont need HD video. Given the current choices in this class of camera (ie. all the newer
models + XZ1, P300, P7000/7100) this camera starts to look less tempting, however it met all my needs at a very good price.
It runs a bit like a Canon xxD series SLR or higher, AWB works well as does the metering, if need be the screen allows you to quickly judge exposure compensation (something Samsung was falsly accused of hiding deep in menus) with great accuracy.
I do have a few small gripes though.
-640x480 Video
-.SRF raw files just dont fit into my current workflow
-SilkyPix is appalling (limited to only coping with .SRF in the package)
-FPS is not wonderful
-Picture Style bracketing only allows you to pick and save one style instead of saving all files
-Strange menu lockouts due to AF
mode options and the like
-high iso (400+) could be better (i would avoid going above 400)