I have an Olympus C 750 and love it.
I also just got a Panasonic Lumix DMC-LC33 for my GF...erm exGF I suppose...birthday. (It's on Jan 3rd..would be really rude not to get anything...).
Anyway. I love the Olymus C 750. The best thing about it is that it takes AA batteries.
I refuse to get a camera that uses anything that is not standard. I don't care how small it is, if it uses propriatary batteries I don't want it. Reason 1: Expensive charger that may or may not work overseas. Reason 2: Expensive batteries with crap mha rating. Reason 3: Charger is USELESS to me except for the camera.
The xD memory on the C 750 is a bummer. It's about twice the price of SD media, but it's also much smaller.
I cannot complain about the C750 at all except the zoom and focus could be faster. But thats comming from somebody used to SLR cameras where the lens alone is $400.
You can find the C 750 for about $450 and the Panasonic for $220.
The reason I bought the Panasonic is the Leica lens and the fact that it's a simple point and shoot. Supposedly it does a very good job with the pictures although some complain that they can be a bit grainy....I'll find out soon enough. It should arrive today.
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