Yes, it washes out the sky on overcast days, and no, it doesn't have two lenses or a wealth of different modes. (digitaltrends.com)
It was much calmer and the sea was just as beautiful, even on a day of overcast skies. (chicstreetstyle.me)
They would generally photograph on overcast days in the spring and fall, which provided them an even light with a vast tonal range. (fraenkelgallery.com)