Lumix DMC-TZ110, Ideal Travel Camera?

PANASONIC has been producing their TZ (TRAVEL ZOOM) compact camera range for nearly 10 years, their latest offering is the LUMIX TZ110 (with a LARGE 1" sensor) and the TZ80, which has same features but a smaller sensor.

TZ110 (in NZ) are also known as TZ100 or ZS100 in some countries.

The compact but solid TZ110 in "OFF" position.

Before I start, there are a lot of reviews done on the TZ110, some are really detailed and you can find all the features well explained.  I especially like this one, this one and this one.

What I will inform you here are my personal like and don't like on this travel-cam, I will not repeat what others has written about.

In 2010 I concluded that...

A good travel camera should have the following quality:

1) It must be relatively light weight.
2) Take interchangeable lens.
3) Digital, with video.
4) Larger sensor than a point and shoot.
5) Able to shoot RAW.

Six years later, look like the TZ110 fit all the bill, except 2) on interchangeable lens!

But six years later, the TZ110 come with a Leica branded 25-250 10X zoom!  So may be I do not need my ideal travel-cam to be able to change lens anymore?