Marc, thanks for posting of the test images. It seems to me that the TVSD renders better contrast and details than the S50, but the difference is only negligible. Of course this is only my own opinion based on the few pictures you have posted. And being a Contax proud owner, unfortunately I might be a little biased. As a matter of fact, at this very moment I am also trying to decide between these two gadgets, and although the Contax name is really attractive, the difference between the functionalities and their respective prices doesn't really justify the TVSD decision. What do you think?
My purpose of getting a digital P&S is mainly to complement my slr systems. This will only be used mainly in family gatherings, dinner parties, travels, and other similar occasions. As a result, what is practically more important to me is the noise with higher ISO as it will be used primarily indoors, and subsequently the flash capabilities. I also favor the added value of having RAW files with the S50, especially under not so perfect conditions, i.e. not in a studio. I have the 10D and its E-TTL is not so clever, so RAW is a must for me there.
I would greatly appreciate your opinions not only because you must have extensively tested both cameras, but also the fact that you have been a demanding photographer with the highest set of standards. Thank you.