Mark Goldstein wrote the following conclusion in the review of the Panasonic FZ35 / FZ38:
The Panasonic Lumix DMC-FZ38 builds on the proven design of its predecessor, the FZ28, making few handling changes but adding a number of significant new features that comprise a better overall package. We're a little disappointed that Panasonic haven't extended the reach of the 18x zoom lens to match its main rivals, but the 27-486mm focal length is still a very versatile one, especially given the addition of the slightly more effective Power OIS anti-shake system that reduces the overall number of blurry shots.