Originally Posted by EarlyMon

Photo:

Brightness at 0 or -1 depending on condition
Contrast at 0 +/- 1 depending on condition
Saturation at +1, even +2 for some effects
Sharpness at usually -1 or -2
White Balance - Auto, but always check/adjust if time permits
ISO - usually at 200, never auto
Resolution 8M
Widescreen 5:3
Quality High
Self Timer - Off
Geo Tagging - Off
Review Duration - No Limit
Flicker Adjustment - 60 Hz
Metering Mode - Spot
Auto Focus Off
Face Detection Off
Shutter Sound On
Time Stamp Off
Grid Off

Post-process from there.

Video - pretty much the same, except
Resolution strictly at VGA for now
MPEG-4
Sharpness at -2
Metering - Average
Focus - usually at Auto

(still playing around with video)

PS - Your mileage may vary, I don't claim to be completely expert with this camera yet.