Panasonic has announced the Lumix DMC-SZ3 compact camera. The 16MP CCD sensor SZ3 sports a 25mm (equiv.) LEICA DC 10x optical zoom lens and offers a 10fps burst mode. The camera records 1280 x 720 video and offers 14 creative shooting modes. The SZ3 will be available at the end of March in black, blue and white color options. A CMOS variant, the SZ9, will be released in European markets.