Ahoy!
I assume that you know that the FZ7 is a prosumer type camera (I have the FZ3 and an Olympus E500 DSLR).
It is pretty much a jack of all trades, going from macro to 12x optical in one lens, which is really great. Coupled with image stabilisation, it does make a pretty decent package.
The only downside is because of the small sensor, they can suffer a tad with 'noise'. This really isn't an issue if you have noise removal software.
PurelyGadgets have a heck of a deal on at present.
That said, there are so many cameras on the market, it would be impossible to recommend one or another. The macro mode on my FZ3 is very very good, and for general photography for a camera with a bunch of bells and whistles will be hard to beat in terms of price and features. The next level up really is a DSLR, but you will need deep pockets.