I've had a little more time with the Nikon P7000 since my last write up on it. It still has its flaws but overall I'm happy enough with it to keep on using it. The image quality is outstanding. I've ordered a few larger prints, one of them an 8" x 30" panorama, and I'm eagerly awaiting their arrival from White House Custom Colour and Bay Photo.

Thunder Hill Sunrise. Four frame vertical panorama. Nikon Coolpix P7000 at 42.6mm f/5.6 handheld.
For landscapes, especially where one uses a tripod, the P7000 is a really nice performer. If you're much of a hiker the smallers size and weight will be appreciated too. I'm looking forward to trying some waterfall shots with it and a GorillaPod. Colors are pretty solid and vivid and the noise isn't bad up to about ISO 800.

Shore Bird, Bald Head Island, NC. Nikon Coolpix P7000 at ISO 800 and 42.6mm. No fiddling in post.
I apologize for subjecting you to my attempts at wildlife photography, but with the 200mm equivalent reach it's the P7000 does a pretty good job of bringing far subjects in closer. Even on the long end the P7000 delivers sharp and clear images for a compact.
The camera also has a few advanced features. The first one that was of interest to me was the Nikon CLS support. Now, the built in flash will not act as a commander but the hot shoe allows you to use a SB-800, SB-900 or SU-800 as a master. I used a SB-900 which is a bit unwieldy on such a small camera. I would recommend investing in the smaller SU-800 IR commander unit if you really want to get into this sort of shooting. CLS support works as advertized but be aware that you can only control Group A. Groups B and C cannot be fired from the P7000 even with an external commander. You'll just get an warning about incorrect Speelight settings if you try to enable those groups. Kind of a let down but at the same time I don't think the you'll be relying on a Coolpix for doing studio lighting work.

Test of the P7000's CLS abilities. Single SB-600 in an umbrella, SB-900 as a commander. I apologize for the bad background but this was just a quick test.
The second feature that really drew me to the P7000 is the five shot auto exposure bracketing. This is a feature that's usually reserved for higher end DSLRs and is essential to creating HDR images. The nice thing about the P7000 is you can decide if you want to bracket using shutter speed adjustments or ISO adjustments. I wouldn't recommend the ISO setting since the HDR process tends to introduce quite a bit of noise and bumping the ISO up won't help that any. Get a tripod and use the shutter adjustment mode, you'll be much happier with what comes out.

Thunder Hill Sunrise HDR. Nikon Coolpix P7000, five brackets, combined in Photomatix and tweaked in Nik Color Efex Pro.
While I wouldn't make huge prints of a HDR from the P7000 they're suitable for web viewing and medium sized prints. The shadows tend to be pretty noisy after tone mapping. Running the image through Nik Dfine takes care of some of the grain but it's still pretty noisy. However, for a camera in this class it's still pretty good. If you like shooting HDR it's the compact to get.
What's the final verdict? It's not the world's most perfect camera. It is plagued with small issues. You'll gain a few gray hairs waiting for it to record RAW files, it freezes sometimes requiring a reboot and compared to a year old G11 the AF is OK to mediocre. But overall I feel the Coolpix P7000 delivers a solid package for someone wanting a little more out of a compact camera. The specialized bells and whistles and superb IQ overshadow the flaws. It's the camera I've decided to carry around and that should tell you something.
Well back to normal blog posts. I'm really not much for gear reviews simply because I don't really enjoy pixel peeping. I'd rather be out shooting. :-)