Wide angle? check (28mm eq)
Optical viewfinder? check
Common batteries? check (2xAA)
Image stabilization? check
Light and small? check (5.6 oz w/o batts)
Not wild and crazy with the pixel and zoom counts? check (8.3M, 3.6X)
Inexpen$ive? check (200 UK Pounds)
RAW format? Oops, nope
Will watch for the reviews on this one.
http://www.dpreview.com/news/0708/07083006nikonp50.asp