Yes, it does have a continuous setting. According to the handbook, it "records pitcures at a rate of about 4 frames every 3 seconds while shutter release button is being held down."

I have not had any problems. I DID pick it up the moment the glass tipped over and wrapped it in a terry cloth towel before the juice had a chance to works its way into the camera... but no problems at all. I am a serious klutz... I keep needing to replace my cell phone cover because I drop it so often. The camera shows no signs of "illness" from being dropped.

The only problem I've had was the USB port, and Nikon replaced the cord itself (that was what was faulty.)