This error is for the optical image stabilisation.
Generally the camera should be ok after your turn it on and off again. The error you are getting is because either the OIS has malfunctioned or is stuck.
I think you might need to take it to Panasonic since the camera is still new and you are sure that you did not bang it or dropped it.
But Before that, I suggest that you take out its memory stick, the battery etc and keep the camera like that for about 15 minutes. Then only reinsert the battery (fully Charged) and try to power on.
Try a little tap ( but not too hard) on the side of the camera....this might realign if the OIS has got misaligned. If you are lucky, you might not need to go to Panasonic.
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