Huh?
This camera is one of the smallest, if not smallest, super zooms you can get. The lens is Leica and is of a very good quality. Other review sites rate this camera very highly.
The mode dial thing - I've never had a problem with it. When you turn it, you know instantly if it's in place or not. It doesn't wobble or give you any impression it'll change if you sneeze at it.
There are other cameras which are cheaper, but they are either squat versions of a DSLR - therefore not pocketable, or offer a smaller zoom. I think only one in this range had an optical viewfinder, but there was something else wrong with it - maybe quality or something.
The only difference between this camera and the TZ7 is the HD movies. The TZ6 manual lists both TZ6 and TZ7 functionality, and only features pertinent to HD movies are extra.
It was a big thing me paying ~£200 for this camera, and I've been very pleased with it. Zooming into the distance for a spot on the ocean horizon, to then zoom into on the camera to see it's actually an oil refinery.
The range of predefined scenaries are impressive, while still allowing you to practice tweaking all the individual settings yourself. An Auto mode does it all for you if you haven't the time or energy.
I've not had a problem with start up time, and if you don't want to focus on a subject, just click through.