An upgrade to Olympus's respected C-3030, the C-3040 adds a faster f1.8 lens and better USB connectivity to the extensive features it shares with its predecessor. The new f1.8-2.6 lens is clearly the central feature of the new model. According to Olympus, the lens lets the C-3040 shoot in lower light conditions, which allows you to shoot flash-free in more situations and increases the effective range of the flash. The 3.34 megapixel CCD in the C-3040 captures images at a resolution of 2048 x 1536, in both the JPEG and uncompressed TIFF formats, and a 32 MB internal buffer allows you to shoot at 3.3 frames per second at high resolution and low compression levels. Additionally, the camera can record short QuickTime movies with sound.

Specifications

Product Features
3.34-megapixel sensor captures enough detail to create prints up to 11 x 14
3x optical plus 2.5x digital zoom lens with autofocus
Included 16 MB SmartMedia memory card holds 20 images at default resolution
Connects with Macs and PCs via USB port
Uses 2 CR-3V batteries, included, or 4 AA batteries, not included; features QuickTime movie mode with audio recording

Technical Details
Maximum image resolution: 2048 x 1536
Image resolution options: High: 2048 x 1536
Image resolution options: Medium: 1600 x 1200
Image resolution options: Low: 1024 x 768
Maximum CCD resolution: 3.34 megapixels
CCD size: .55 inches
Optical viewfinder: Yes
LCD screen size: 1.8 inches
LCD swivel: No
Aperture: F/1.8-2.6
Optical zoom (x): 3x
Digital zoom: 2.5x
Lens construction: 10 elements in 7 groups
Compatible memory type: SmartMedia
Onboard memory: N/A
Max. photos at highest quality: 6
Max. photos at lowest quality: 165
Image type(s): JPEG, TIFF
Uncompressed mode: TIFF
ISO film speed equivalency: 100, 200, 400
Macro focus range: 7.8-31.5 inches
Shutter speed range: 1/800 to 4 seconds
Autofocus system: TTL system iESP autofocus (contrast detection system)
Manual focus: Yes
Focus range: 7.8 inches to infinity
Shutter priority mode: Yes
Aperture priority mode: Yes
Main exposure mode: Programmed auto exposure
Spot metering mode: Yes
Manual exposure mode: Yes
Programmed exposure modes: --
Manual white balance mode: Yes
Built-in flash: Yes
Red-eye reduction: Yes
Fill-flash (forced flash): Yes
Flash-off mode: Yes
Night portrait (flash synch) mode: Yes
Hot shoe for external flash: No
Black and white: Yes
Solarized: No
Movie mode: Yes
Max. movie length: 300 seconds max (160 x 120 pixels) with 32MB memory
Audio recording: Yes
Burst mode or continuous shooting: Yes
Frames/sec in burst mode: 3.3 fps up to 5 frames
Self timer: Yes
Remote included: Yes
Special effects: Sepia, Black board mode, White board mode
Splashproof: No
Other special features:
Compatible systems: Mac, PC
Mac system requirements: Mac OS 8.6 or higher, USB port
PC system requirements: Windows Me/2000, 98SE with included drivers
Software included: --
Serial output: No
USB output: Yes
Video output: Yes
Battery requirements: 2 CR-3V or 4 AA batteries
Batteries included: Yes
Rechargable batteries included: No
AC adapter included: No
Body type: --
Included in box: C-3040, 16 MB SmartMedia card, 2 CR-3V lithium batteries, USB cable, A/V cable, remote control, Olympus Camedia Master 2.5 utility software, instruction manual, QuickStart guide, lens cap and strap
Width: 4.3 inches
Height: 3 inches
Depth: 2.7 inches
Weight: .61 lbs.
Warranty labor: --
Warranty parts: --

Review

I was planning to upgrade my C-3040 and tried different 5 megapixels cameras, such as Canon G5, Nikon Coolpix 5700 and Olympus 5050. C-3040 made better focus pictures than G5 or Nikon 5700!!! Olympus 5050 made identical pictures and although it had more features and accepts more card formats I was not able to justify the upgrade.
This showed me I made a right choice purchasing this camera.

Source:
http://www.amazon.com