Casio EX-ZR700 has a
16.0MP 1/2.3-inch (6.17 x 4.55 mm ) sized CMOS sensor and features EXILIM Engine HS 3 processor. On the other hand, Kodak M341 has a
12.0MP 1/2.3-inch (6.08 x 4.56 mm ) sized CCD sensor .
Below you can see the EX-ZR700 and M341 sensor size comparison.
Casio EX-ZR700 and Kodak M341 have almost the same sensor size, so neither of them has any significant advantage over the other in terms of providing control over depth of field when used with the same focal length and aperture.