L2, L3, and L4 were announced by Nikon today. dpreview.com has some pictures. Here are a few of the noteworthy features.

• In-Camera Red-Eye Fix(TM): automatically detects and corrects red eye, a common condition that occurs in flash photography. You may never see red eye again.
• Face-Priority AF*: automatically finds and focuses on a persons face within the frame, providing sharp focus to produce clear, crisp portraits wherever the subject is positioned in the frame.
• D-Lighting: selects and creates a copy of images with excessive backlight or insufficient flash illumination, adding light and detail where necessary.
• Blur Warning: alerts the user that a shot has resulted in a blurry picture allowing for it to be retaken before leaving the scene.
• Best Shot Selector (BSS): automatically identifies and saves the sharpest shot from ten sequential shots.
• Sharing digital images is easy with the new Pictmotion(TM) function, which allows users to select their favorite images, choose one of five royalty-free, pre-installed music files, or their own choice of music

P3 and P4 are another two cameras announced by Nikon today. Of course, dpreview.com has pictures of these as well.

• Similar features as the L series cameras.
• Wireless picture transfer over built-in Wi-Fi feature.
• 11 wide-area AF for better focus performance
• Includes the VR (vibration Reduction) system

S5 and S6 are the last cameras included in the Nikon annoucement. Pictures can be found at dpreview.com.

• Similar features as the L series cameras.
• Wireless picture transfer over built-in Wi-Fi feature.

There are some great new features in these small point & shoots. Some of which could only be found in DSLRs until now.