When the James Bond of old suavely produced his silver cigarette lighter, you knew he was doing more than lighting up--he was taking a photograph with a tiny concealed camera. Then he dropped the film at the drugstore for developing.

Of course, today's Bond would avoid the drugstore by using a digital camera, and he wouldn't need his gadget master Q to build it, either. Cameras are shrinking with nearly every release (Casio appears to hold title as having the smallest) and several companies are planning to release compact, pocket-size cameras in time for the holidays.

Casio's forthcoming 2-megapixel Exilim EX-S2 and EX-M2 are, according to Business Director Gary Schultz, "literally the size of a credit card." Well, not quite. While the 3.46-inch width and 2.16-inch height are indeed credit card-like, the nearly half-inch thickness will keep the Exilims out of ATMs--but they'll still fit nicely in your shirt pocket. Both are scheduled to ship in October, priced in the $300 range. That's about the same as the 1.2-megapixel minicameras Casio unveiled last June.