Panasonic has announced its newest slim and stylish touch-screen digital camera, named as LUMIX DMC-FX580 (the successor to DMC-FX500), which features 12.1-megapixel resolution, 25mm ultra-wide-angle LEICA DC lens with F2.8 brightness, 5x optical zoom, large 3-inch touch sensitive LCD screen and newly developed Venus Engine V processor that includes twin CPUs to boast approximately 2.4x processing capability.