To the best of my knowledge, it is the Olympus E3 at 1/8000 second as of 2008. However, an important measure of digital camera speed is also fps (frames per second) as the camera must meter and check focus and other settings before taking the shot. At present DSLRs can't be beat in this regard. Compact digitals usually suffer from shutter lag. Casio claims the fastest fps at 60 fps, 6.0MP, jpeg as of Aug. 2007. You should denote from this that the fps numbers alone mean nothing unless everyone is using the same yardstick. When have the manufacturers ever done that?
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