I have an s110, which is similar, and I love it. I've shot with lots of different cameras, 35mm, 120, large format, dlsrs. This is one of my favorites. It's small, actually fits in a pocket, and I have no issues with image quality. Full manual controls, RAW, all the good stuff. There's tons of images from it on my flickr. It's a great camera.
Also, they're already on s120 now? Wow.