Yes. I own this camera. Everything about the cam is great. Solid photos, decent options and nice software.
My only gripes are the crappy batterry life. You need to go pick up a set of 4 NiMH batteries and a charger. Also, the camera will only work with the Camedia software that comes with the camera. I would much rather input my photos directly into Photoshop. Olympus is locked into a deal with Camedia so they can only make new cameras that use their software.
At around $250, the D360-L is the perfect first timer Digital Camera.