I got this camera about 4 months ago to replace my other digital Olympus which was on its last legs after 5 years of good service. I chose the Olympus VG-150 mainly because I am familiar with the lay-out of Olympus cameras and because it was super cheap. I am currently travelling and so had to buy it on the road in Chile and it cost me $40,000 CLP, around $80 or £50. For the price, it was an absolute steal.
Now, don't get me wrong. The features on this camera aren't going to blow you away, and if you're a big photography fan then this is hardly going to rock your world. For distant landscapes it's not great and I still haven't worked out how to use the panoramic feature, despite messing about with it several times. However, I am not a big photography buff, and all I wanted was a cheap, easy to use camera that I could take quick travel snaps with, that would be easy to transport and that I wouldn't have to spend my time fretting over that someone might steal it. This camera ticks all those boxes.
The quality on long-distance shots isn't great; it isn't bad either though. It has some funky "artistic filters", some of which are terrible - like the punk one which just makes the entire photo pink and difficult to distinguish anything. Some of them are pretty cool though, like the pin-hole camera which darkens the edges or the soft focus which blurs everything ever so slightly. For up close pictures, like at a party or a dinner, it's absolutely fine. The ability to change the ISO settings make taking pictures inside naturally lit structures (like churches, for example) a lot easier than I had found it on my previous camera as well.
The battery life is pretty good and can last a decent amount of time, even when showing flat. It is also super slim and lightweight and fits nicely in my pocket; it really doesn't feel ostentatious or flashy at all and I had no qualms about whipping it out in supposed dangerous places, like parts of Colombia for example. It came with a year's warranty, charging cable and carry case and all in all I'm very satisfied with it.
The only thing that bothers me slightly is that if you adjust photos on the laptop whilst still on the card, they immediately malfunction when trying to browse them back on the camera. It's a really small problem since the photos are already on the computer, it's just a bit of a pain when you're scrolling through those on your camera and many just show a black screen or an error message. Of course, I realise that this is my fault as well for adjusting them whilst they're still on the camera instead of swapping them over first but it still bugs me a little bit.
On the whole though, can't complain at all. Great little functional camera for the price.