I used the s75 over the course of almost 4,000 pictures until upgrading to the f707. I have never used the Olympus myself, but the Carl Zeiss lens on the Sony is world class.
$475 is a good deal for this camera and from a reliable vendor, read the review here and here
Just ordered a canon s330 elph for $324, thanks to dell & ebates -- not as high quality as the sony, but it didnt cost me $475 either. Sony memory sticks tend to be more expensive and can only be used in sony cameras. Still a good deal if your looking for a professional camera.
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