Large-sensor image quality. Sharp lens with useful zoom range. Tilt/swivel LCD. Twin dials. Smaller than competing interchangeable-lens cameras with a similar lens. Lots of photographer-friendly features.
Not as small as you might hope. Mediocre burst shooting and autofocus speed. Far too easy to accidentally change exposure compensation. Viewfinder is of surprisingly little use. Battery life could be better.
Solid alloy body with true twin-dial design; Smaller, lighter, and cheaper than most direct competitors; Excellent image quality, even when compared to interchangeable-lens cameras; Numerous accessories expand upon its capabilities.
Fixed prime lens is not for everybody; Ergonomics could be better; Performance is spotty; Built-in flash is rather weak; Battery life is quite modest.