I am trying to decide between these two cameras, and after reading
many reviews I am still undecided due to tight budget constrains.
My friend is selling off his rarely used 2nd hand Olympus C-730 at $200 at a pretty good condition. At same time, I'm deciding on a brand new C-370 at $150.
Mainly, my problems are:

(Olympus C-730)
# Spec: 3.2 Megapixel
# Bright 10x optical zoom lens (F2.8~3.5)
# 1-3x digital zoom, seamless 1-30x zoom
# Compatible with XD-Picture Card and Smart Media

- its a pretty old model (Sept 2002)
- 2nd hand

(Olympus C-370)

# Spec: 3.2 Megapixel
# 3x optical zoom, 4x digital zoom, 12x seamless zoom capability
# 6 selectable shooting modes including QuickTime? Movie Mode
# Super Macro mode (as close as 0.8 inches)
# xD-Picture Card compatibley

- although I'll buy this off the shelves brand new, it still tempts me that given $50 more, I'll be able to get the other model that has a much better specs.

Thanks for helping out with this.