The new Fuji FinePix F20 has an incredible array of features including 6.3 MP CCD, image stabilization, 2.5" LCD, extended battery life, 30fps movie capture, 10MB internal memory, and ISO up to 2000. All of this in a compact that will slide into your shirt pocket.
Two of the features that really caught my eye were the i-Flash technology that does a much better job of identifying scenes and exposing them properly with the flash. I think this will have a great impact on party and wedding reception snapshots. I also like the Dual Shot Mode that takes two pictures with a single press of the shutter button: one with flash on and the other with natural lighting. Then you choose which one you like the best.
Add the excellent Fujinon 3x zoom and their new RP Processor II, and I think this compact will be a real winner. Fuji says it will be available in August. They haven't announced the price yet.