Olympus has just released three new compact point and shoot digital cameras, the FE-4050, FE-5050 and µ-7050, increasing the competition within the point and shoot market. All three cameras are slim in size and are available in several color options. They are also all equipped with the TruePicIII image processing engine, providing color consistency and a wide dynamic range. Shooting functions feature six Magic Filters, which allow you to transform a normal scene via Pop, Pin Hole, Fisheye, Drawing, Punk and Soft Focus options. Their user-friendly functions include easy-to-understand descriptions of camera modes on the LCD monitor and an iAUTO function that automatically optimizes the camera settings by analyzing the scene. AF Tracking helps keep a moving subject in focus by tracking it automatically, whilst Perfect Fix corrects backlight exposure and redeye. They also come with a USB battery charging option, which allows the camera battery to be recharged from a PC.