Lots of features, their most advance P&S, but unfortunately the 28-56 Vario-Sonnar lens' IQ noticeably suffers compared to their T2 and T3 despite advanced features like using an aspheric element. Not unusual to see it go for $200 or less despite the high price when new. My last TVS version was the TVS III which was smaller, fewer bells and whistles but lens performance was noticeably better, closer to the 35/2.8 on the T3 which still commands high prices. The main drawback is the relatively slow speed of the zoom in order to keep it compact. If you want a tack sharp compact high end P&S, the T3 is the only way to go beating every other P&S from Nikon or Leica with their 35/2.8 Sonnar that equals the quality of a Leica M lens.