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This might be the most pointless upgrade I’ve ever seen. The mju 725 SW is identical to its predecessor the mju 720 except for an extra two metres of underwater depth. It has all the same faults as the previous camera, and there are plenty of them. If you need a camera to take diving, buy a Fuji F30 or Canon A540 with an underwater case instead.

With its wide angle lens and optical image stabilisation the Panasonic Lumix DMC-FX01 stands out from the crowd of virtually identical 6-megapixel 3x zoom ultra-compacts. It is well made, looks superb and takes very good pictures, with excellent noise control and good low light performance. All in all, a pleasant, simple elegant camera that’s perfect for social snapshot photography.

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It may be the cheapest DSLR on the market, but the Pentax K100D isn’t short of advanced features, performance or image quality, and can comfortably hold its own against the Nikon D40. Build quality, design and handling are all superb, and the Shake Reduction system is as good as any on the market. If you’re looking for a good entry-level DSLR with the option to build up a kit, then look no further.

While the G7 is unquestionably a superb camera, head and shoulders above anything else at the same size or price, the slower lens, smaller profile and lack of RAW mode will deter many potential buyers from trading in their G6. Instead of the best semi-pro camera on the market, Canon has produced a well specified general purpose camera that will appeal to the more ambitious casual user, rather than as an SLR-alternative for the serious hobbyist.

The D80 is another superb camera in Nikon’s increasingly impressive DSLR range. It is expensive and complicated, but it is also extremely well made, incredibly versatile and capable of fantastic picture quality. However it is surrounded by some very strong competition most of which is equipped with shake reduction, and although it may be one of the best 10MP cameras so far, it is not necessarily the best value for money.