It depends on what you're after from a camera.
If you want a decent point and shoot then it's not the right choice. If you're looking for a DSLR, this isn't one. It's somewhere between the two (these type of cameras are referred to as bridge cameras, i.e. they bridge the gap between p&s and DSLR's). If you feel you've grown out of your point and shoot and it's lack of functions is limiting you but you're nervous about leaping into the expensive world of DSLRs and lenses then this is a good choice.
As for the camera (I have one), it produces great results. For around £400 you get a 9mp sensor and 28mm to 300mm (Equiv.) zoom and you get lots of SLR functions and feel. To get this zoom range from a DSLR it would cost you a couple of hundred quid more if you got a couple of kit lenses (which can be iffy in optial quality). The quality of the lens is supurb (for the money), it does suffer from a bit of pincushion distortion at the wide end (this can be easily remedied in Photoshop) and is a little soft at the telephoto end but generally it's an amazing bit of glass for the money (BTW the lens is fixed and cannot be changed but you get this whole rang ein one lens!) It's other short falls are max 30 secs exposure (even in Bulb mode), small sensor means wide DOF all the time, very annoying if you're used to an SLR. Crap with underexposed images (can be very noisy). It has an EVF which means that you have to rely on auto focus, you don't have the same level of detail throught the viewfinder that you do on a SLR so you can't do manual fine focus changes. Strengths (apart from the lens quality) are very good overall noise levels, images tend to be very clean if exposed well, focus-aid (a green light) means you can focus in complete darkness. ASA goes up to 1600 (although 800 ASA is very usuable, 1600 is pushing it for acceptable image quality, noise is just too much).
That's about it I think. As I said at the begining, it all depends on what you're after from a camera. If you're just after a decent digital point and shoot then you're probably better off getting a Canon Ixus or something (never used one but this board seems to rant about them).
Hope that helps, I'll try to answer any more questions you have any. Better ask tonight tho as I'm off tomorrow for a long weekend away (yay! \o/).
cheers,
Mohain