I've been eyeing the Lexio 70 heavily over the last few weeks as I've realized the value of having something small with some focal length compression, but also with a zoom that starts wider than 35-38. Now, a Stylus Epic Wide 100 did that duty admirably on a recent trip, but it's noticeably bigger than the little Konica—definitely not a pocket camera for me and spent most of the time going in and out of the backpack—and subjectively it's not very ergonomic. Much to pudgy for my tastes. I suspect the lens to be much better than the Konica, distortion-wise (at 28mm) based on sample photos from the Konica and my scans from the Olympus. There's some seriously goofy distortion going on at 28mm on the Konica, from what I've seen. Apart from that potential issue, I suspect I'd enjoy carrying around the Konica much more.
Complicating the matter is the Contax TVS I received just today, and which competes for the same sort of use, and is much more flexible, apart from lens reach. My rationale is for getting one is that if my flexible camera is going to have to ride in the bag most of the time anyway, it might as well be a little more capable (read: "a little less automatic").
There is still probably a Lexio in my future, which I'd love to use outdoors, but mainly in situations where I'm not likely to find distinctly straight lines. I suspect I'd really, really like it. The +1.5 exposure compensation is a big selling point in my mind.