Nikon today announced its new flagship compact digital camera - the COOLPIX P5100. This update from the P5000 uses a variant of Nikon's new EXPEED image processor along with a slightly larger 12.1 megapixel sensor. The lens is unchanged - 3.5x zoom optically-stabilized with Nikon's VR technology. However the sensor change has widened the field of view to 35-123mm equiv. The P5100 also has in-camera distortion correction which works in real time to correct the live preview as well as stored images.