Rob Galbraith DPI: Alex Majoli points and shoots
At least one photojpoiurnalist uses a P&S. By the way, I have an Olym 5050Z and you can easily make 8x10 prints with excellent quality. I have gone up to 16x20 from selected images.
IMO the drawback of that camera is the small zoom ratio and the lag between shutter release button and image acquisition. Another drawback is the parallax problems when shooting up close.
Other than the above problems, it is a nice camera with RAW capability.