I just got my Nikon Coolpix 8700.
I LOVE IT!
Nikon finally added a focus assist lamp. That makes low light photography better than on earlier Coolpix models.
The 8MP files are huge, so make sure you buy a big memory card.
It was either this camera of the D70, and I went with this. I have no regrets. At least I won't need to spend a fortune on lenses.
If you have any questions about the camera, let me know. Image quality is impeccable. Visit my gallery where you can see some sample pics I just posted: