My Canon camera shows up as a hard drive that you can navigate and copy/paste. It is a digital system camera, though. Here I thought 512 Mb was enough for me - that's some 120 pics - which is four to five times the number of pictures you can take into a single film roll with a kinofilm camera. Have been going for a year with that amount and I haven't seen the need to have a higher storage capacity.
I don't like the adjustability of the pocket sized cameras. They are too complex for me to understand. I never found a pocket camera which would have an easy access to the exposure times or to the F/# or into the ISO sensitivity. Or the color temperature setting for that matter. And not to mention zoom control. Pocket cameras are too automated for my taste.
However, I suppose that if you want a point-and-click camera, then the pocket camera might be the best alternative. For me, the F/3.4 seems to be quick enough, hopefully also for this case. From my experience, it is best to rely on the optical zoom number, and forget the digital one. The real magnification of this camera is 3, no matter what they say. I'd say magnification of 3 is quite low, but it also depends on what you're planning to image. ISO sensitivity seems to be fair in this case. For sequential shooting, 3.7 frames per second seems to be quite good for this case, but this is only applicable with sufficient illumination (daylight I suppose). 7.1 Megapixel system will give you plenty of pixels to toy around in Photoshop.
I'd take a look on the lenses also, they are probably plastic ones because the price seems to be very low for (that's four aspherics for gods sake!). A bright object can cause some strange artifacts in the image if imaged through a cheap plastic lens.
Also, it seems to have a LCD panel which I suppose can be used to aid taking pictures. Does it have an optical equivalent so that you don't need to use LCD if camera is low on battery? Also, is it expected that you experience weather where the temperature will go below zero degrees of Celsius? If so, I'd advise again not to rely on LCD...
All in all, it seems to be reasonable, I'd try toying with it before buying it, especially to test if it fits well to your hands and if you can find all the necessary adjustments easily. I'd also think how rugged the system feels, does it feel like there would be something loose inside or if it is obvious that it wont withstand the test of time. Also if you have the chance, try taking pictures with the optical zoom fully extended and then consider the image quality. Then you can see how badly edges and corners are blurred in that configuration.
A couple of thoughts,
Mika