Olympus continues to step-up their point-and-shoot game with the release of the new Stylus SH-1 Camera. Taking its design from the Olympus PEN Interchangeable lens cameras like the E-P5, this updated version of the 24x compact zoom SH-50 packs Wi-Fi and gets an updated 16-megapixel CMOS sensor and TruPic VII processor combo to now match the power of the TG-3. Since Olympus knows you won't always have a tripod at the ready, the SH-1 comes with a five-axis image stabilization for both photos and videos shot through its f3.0-6.9 25-600mm lens. The camera itself comes in a compact all-black, all-silver, or combination colorway and comes with a 3-inch LCD screen and a 11fps burst mode. The Stylus SH-1 camera is set to drop next month at retailers across the map for $399.