My FE-230 is only 2 years old and will not turn on/off properly

check to see if your image stabilization is on (shaky hand). turn this feature off. also check the properties of your image to see if the iso is set to automatic. high iso, such as 800, will cause this in cameras

It is repairable. First, check to see if it is still under warranty, (I'm pretty sure Olympus's warranty is one year) or if you purchased an additional coverage, even better. If this is the case, call it in. If not, it will not be worth the $ to repair. Unfortunately it cost as much or close to the price of a new camera to repair them and typically is not worth it. If you want to check around though, you can call some camera stores (Wolf Camera is a good choice if you have one locally). Hope this helps!

Did you contact olympus?

try advance camera
http://www.advancecamera.com/repair/

or
http://www.precisioncamera.com/

buying a used fe-230 may be cheaper than to repair your current one, look around ebay
http://photography.shop.ebay.com/items/Digital-Cameras__Olympus-FE-230_W0QQ_nkwZOlympusQ20FEQ2d230QQ_catrefZ1QQ_flnZ1QQ_fromfsbZQQ_sacatZ31388QQ_trksidZp3286Q2ec0Q2em282?_trksid=p3286.c0.m282

lens appears to be off track and needs repair

Hi Gary
Is the camera under warranty and registered with Olympus? If not registered, make sure you do that online first. It also extends your warranty to 13 months. If no receipt, It was a gift.
You most likely have a bad lens assembly (was it dropped?) or microprocessor. Here's your link...
Olympususamerica.com

Consumer division, customer service 1-800-622-6372 M-F 8 to 7 EST
Outstanding people to deal with
Hope I could be of some help. Regards, Paul

Someone on here with the same problem mentioned that they shook the camera violently and it fixed the problem of it not focusing. I tried the same thing and actually gave it some light slaps on the tabletop. Well, now it works! I'm somewhat concerned that this fix won't last long.

Like many others' FE-230s, this camera began not focusing shortly after the one year warranty expired. I found my receipt and it turns out that I purchased the 2 year service plan at Best Buy and could get the camera replaced. But, now it works. Will it fail again after the 2 year plan expires? Jeez....

you should have a 1yr warranty on this - i would return it

But Also This Can Happen Sometimes When The Battery Is To Flat If Not Return It

try olympus repair for about $80.00

Check this link for the warranty information http://www.olympusamerica.com/cpg_section/cpg_servicerepair_warrantyinfo.asp

Hope that helps.........

Same with mine. I'm going to bring it to a camer repair shop.