Well, UK-based Digital Camera Magazine certainly thinks so, as their latest email newsletter that I got today has this interesting tidbit of information:

“PRODUCT NEWS: Yet another monster zoom DiMAGE

It seems like only yesterday that we got review samples of the 10x zoom DiMAGE Z2, but Konica Minolta has already announced its successor - you’ve guessed it, kids, the DiMAGE Z3. Anyone who’s just bought the Z2 will be cheesed off, as the Z3 has an even beefier 12x optical zoom, as well as anti-shake technology and predictive focus control, for the same money. The all-glass GT APO lens bodes well, too, as does the proprietary CxProcess II image processing technology. The Z2 gets a ‘Best Value’ award in a group test of power zooms in the new issue of Digital Camera Shopper, so we can’t wait to test this new one!”

So if the Z2 is currently on your shortlist of possible new purchases, you may want to wait a while to see what develops…