The pocket camera with the highest optical zoom is the new Samsung HZ35W: It boasts an impressive 15X optical zoom (24mm to 360mm). At an inch deep, the HZ35W has a 3-inch AMOLED screen and 720p high-def video capture at 30 frames per second.
This camera also has GPS capabilities to geotag photos with their location. Samsung says that photos are embedded with the name of the city and country, not just the longitude and latitude of the shot. The HZ35W would make a great travel companion due to its compact size, high zoom, and extra features.
Samsung has yet to announce pricing, but the HZ35W will be available in March.