Arrived this morning. Initial impressions are that it's reasonably small and lightweight, nice sensible physical design with all the buttons in sane places. The optical viewfinder's a bit of a squint, but I find that I'm using those increasingly less these days. I'm left-eye-dominant, and much prefer the viewfinder on the left side of the camera, which is good. The LCD screen is pretty good, with a setting to adjust the backlight level. The USB/power sockets aren't protected by anything, but the batteries and card slot are behind a reassuringly solid cover taht seems inclined to stay closed. There's a loop to attach a lanyard.
The photo quality isn't a patch on my Canon point-and-shoot, mainly due to sensor noise. The optics seem reasonable. If you shoot at full resolution and scale the image down a bit to eliminate sensor noise, it's decent enough - much much better than a mobile phone camera. The flash works about as well as you'd expect. Major niggle so far is that you have to go poking around in a menu to put it into macro mode, and the flash on/off/red-eye/auto button brings up a menu rather than just toggling mode. For a cheapo camera it seems pretty good at shooting off photos back-to-back in burst mode, managing about 1 per second. It also has an auto exposure bracketing mode, which is nice.
It didn't like the 4gig SDHC card I had lying around, but I dug out a 1gig SD card and it's happy with that.
All in all, I'd say it was a bargain for 20 quid.