Olympus announced today the SP-510 UZ, a new Ultra Zoom camera with a 7 megapixel digital CCD, 10x optical zoom, ISO up to 1600, 2.5″ LCD, full manual and automatic shooting modes and image stabilization. The SP-510 is due this September for around $490. You can learn more about it from this page.

[via Engadget and Digital Camera Review]