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Each sports a 12x optical zoom lens (made by Leica, no less), though only the FZ5 (which is pictured above) gets its LCD bumped up to 1.8-inches.
ENGADGET: Panasonic's latest digicams: The Lumix DMC-FZ5, DMC-FZ4, DMC-LZ2, DMC-LZ1, and DMC-LS1
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The idea is that it gives much better quality shots when you zoom in compared to a normal camera phone, which matters because there is no room for a big zoom lens on a typical mobile.
CNN: Google and super-powerful phones the stars of mobile show
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The KONICA MINOLTA HD LENS assures high quality images, while a 40x Optical Zoom enables close-up shots from far away, with no sacrifice in optical quality.
ENGADGET: JVC's 2012 Everio 1080p camcorder lineup gains WiFi, enables geotagging and remote control via smartphone