Fujifilm has announced the FinePix T550, its latest compact travel zoom camera. The T550 has a 16MP CCD sensor, features a 12x 24-288mm (equiv.) optical zoom lens, image stabilization and 1280 x 720 video. The camera also comes with a sweep panorama mode as well as several effects filters. In the UK Fujifilm is releasing the T500, which is identical aside from a 2.7-inch versus 3.0-inch rear LCD panel.