I haven't seen this camera and haven't found much on it review-wise. Just this from Cnet.com:
" CNET product brief
Description: The Kodak EasyShare P850 is a 5.1-megapixel, point-and-shoot camera. Compared to other point-and-shoot digital cameras on the market, it is expensive at around $445. Includes Kodak EasyShare software.
Pros: Has a 12x optical zoom, which is somewhat more powerful than some similarly priced digital cameras. Also, this digital camera has a 2.5 inch viewscreen, which is somewhat larger than some similarly priced digital cameras. This camera also offers control of several exposure modes including aperture-priority, shutter-priority, manual, and program mode. This unit supports RAW picture files, which makes color adjustments in software much easier.
Cons: Weighs in at 14.2 ounces weight, which is heavier than some similarly priced digital cameras.
Suitability: Designed for the average, casual picture-taker. This model has a hot shoe terminal which allows you attach an external flash to accomodate poor lighting conditions. A recommended use, based on key features, is framed photos for the home. The largest recommend print size, estimated from the camera's resolution, is 10x14.
Value: Overall, this digital camera's features are in line with its price. However, the average price of point-and-shoot cameras with comparable resolution is quite a bit less, around $310."
If the camera works as advertised it sounds like a it could be a great camera! A 12x zoom is equivalent to a 36 to 432mm lense with an f-stop at f2.8-3.7.