Short answer: No. And by the look of things, this issue will remain un-fixable by a firmware update. So, where's the line for the class action lawsuit?  For they more cool-headed owners of the X10, shooting in EXR mode and raising iso seems to help quite a bit.:

 

"We have been unable to observe a meaningful improvement in either studio or real world testing which strongly reinforces our suspicion that the problem is hardware-related, and cannot be solved by an adjustment to the camera's firmware. The issue is

Go past the white disks/orbs bug, and you'll be confronted with a really powerfull small camera:

 

"The lens is remarkable. A very usable and versatile 28-112mm lens that has a nice bright aperture f/2-2.8 across the zoom range. Macro is good although way too much distortion and shading are found on the wide end.

If it wasn't for the white disc/orbs bug, this would probably be the best fixed lens camera of 2011/2012. Unfortunately, Fujifilm was unable to fix this issue on the first try, and many X10 owners are growing impatient. Hopefully, this incident will serve as a good reminder to Fujifilm and other manufacturers to not rush things to the market before proper testing:

This is the kind of stuff that happens when you rush whatever your R&D departement has cooked up, to the market. Fujifilm is not alone with a blooper like this however, even Canon had an oopsie with the venerable 5D Mark II, but eventually they found a fix for it:

 

 

The one for the X10 is quite extensive: The firmware update for X10, Ver.1.03 incorporates the following issues:

 

"Now, as a professional Nikon user, my initial gut reaction to the J1 was disappointment. I know from the X100 that mirrorless options can be helpful in even the most professional systems, and I was hoping for something that would change my working environment. The J1 isn’t designed

For a camera, this is like getting a Bar Mitzvah :)

"The X10’s results are really good for its category. It achieves scores close to 1/2 stop better than the Fuji F600. Its Color depth (20.5) and dynamic range (11.3 Evs) remain in the same range as the best camera in this segment (Canon Powershot G12 or PowerShot S100).

"The Fuji Finepix X10 is truly an excellent digital camera. It shows a very good image quality, matching the best small sensor models and only lagging behind cameras with much larger sensors and more expensive price tags. Images show little noise, excellent metering, nice colors and

Actually, if you run this through google translate its both informative and fun!

"Serve and was thinking of a digital camera with interchangeable lenses for about three years ago. But suddenly they put Fujifilm unproven

"Fujifilm has confirmed in a discussion with dpreview, more details about its plans for the X-system. It also said a firmware update for the X10 aimed at reducing the 'white-orb' problem is due in early February, if not before. The firmware update,

"The ⅔” EXR 12MP CMOS sensor and the EXR processor in this machine work together brilliantly! A bit larger than sensors in other compacts (except for those like the Fujifilm X100, Sigma DP line and Leica X1 that feature APS-C sized sensors), but a fair amount smaller than m4/3 sensors, I am amazed at its ability to handle low light, high ISO situations. Part of that success comes from the processor’s ability to combine pixels, which can be used to either

"The X-series from Fujifilm are fickle beasts. If you can tame them, work with them and not against them, you will take home stunning images. And these two devices arguably produce the best point-and-shoot photography (and this isn’t just when pitting them against pocket cams, but higher end cameras as well). However you simply cannot pick up the X10, start shooting, and expect to get everything you can out of the camera.

"The Fuji X10 is a solid little jewel of precision. Its zoom control brilliantly eliminates the need for that stupid power switch! Real cameras don't have power switches.The X10 has real strap lugs, much better than most point-and-shoot cameras, so it's always around your neck ready to shoot.The biggest potential gotcha is protecting the lens.

"Everything works so well together. Where build and design are concerned, it's easy to fall in love with the X10 and the fun you can have scouting for shots. The true value of its worth though comes only through examining what you've captured.

FTA: "There are two ways to look at the Fujifilm FinePix X10. You can view it as a cynical attempt to capitalize on the fanboy frenzy of the X100 with a camera that looks a lot like it, but that lacks everything that made it desirable to the fans.

"The camera's ISO auto setting is limited to ISO 3200 maximum, but we’d be happy to use the results from any of these given sensitivities. It’s not often a compact camera can live up to those standards. ISO 4000-6400 is only available at 6-megapixels in size, while ISO 12,800 can only be

Is this little beauty the Area 51 of cameras? Well, if it makes you see white disks: "And so to the one major chink in the X10’s otherwise impenetrable armour: the widely reported appearance of ugly white discs in place of specular highlights. To be honest, in the hundreds of test images we took with the X10 we only