The Olympus takes good pictures for a point and shoot. All pictures I have posted on the site are taken with the Olympus. What I like most about it is it turns on and is ready to take the picture in 3 seconds or less. Plus the obvious fact that it is robust enough for a camera to take along on the trail. The next factor for me was it's compactness. I need to be able to keep my camera in a pocket so it's easy and quick to deploy.
If you want great pictures....get a canon. Hebs has a very nice point and shoot setup with a waterproof housing for it. It takes phenomenal pictures and video for a point an shoot.
If it wasn't for the waterproof, shockproof and dust proof features of the Olympus I would only own Canon products.