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Olympus' FE-5020 is a mid-range point-and-shoot digital camera with very similar features to the FE-5010.

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Pros

Offers a higher level of optical zoom than all compact cameras in the same price segment (5x)

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Good quality zoom, relatively distortion free, minimal chromatic aberration at the corners

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Also offers a wide angle lens than all compact cameras in the same price segment

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Cons

Poor image quality in low light conditions, even for a budget camera

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Limited range of features, just the basics

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Noise issue in pictures, even at low ISO settings

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Sluggish menu performance, takes a long time to change settings or view photos, can get frustrating

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Olympus' FE-5020 is a mid-range point-and-shoot digital camera with very similar features to the FE-5010. The only differences are that the FE-5020 has a wide-angle lens and autofocus tracking which the FE-5010 does not have, but the FE-5020 lacks the FE-5010's shake sensor stabilizer and "smile shot" mode. It still has a digital image stabilizer, however.  This camera uses Olympus' TruPic III image processor, which delivers sharper images than the FE models that do not use it. Other features include 21 different preset shooting modes, including automatic, compatibility with both XD and microSD cards, 2.7"-diagonal LCD screen, and on-screen tips while shooting.

Features
  • 12 megapixel resolution
  • 5x optical zoom
  • Wide-angle lens
  • Slim form factor
  • Digital image stabilization
  • TruPic III image processor
  • 2.7"-diagonal LCD screen
  • 21 preset shooting modes
  • Compatible with XD and microSD cards
  • Face recognition
  • Video capture
  • Rechargeable Lithium-ion battery
Color Options
  • Wine Red
  • Royal Blue
  • Dark Grey
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