Kodak M341 has a
12.0MP 1/2.3-inch (6.08 x 4.56 mm ) sized CCD sensor . On the other hand, 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.
Below you can see the M341 and EX-ZR700 sensor size comparison.
Kodak M341 and Casio EX-ZR700 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.