Definately vent it to outside either through the soffits or through a tile vent or you could cause some very expensive problems to your roof.
As for those shower light/vents.... the extractor fans in those are IMHO only just strong enough to meet the minimum requirements of the building regs,,, I would never recommend them... in fact I've just replaced the fan unit on one for a centrifugal fan which has at least twice the extraction rate (if not three times as much).
As others have said, condensation is formed when warm moist air hits a cold surface so make sure that your loft (above) is well insulated, make sure that air can get into the room underneath the door and make sure that you have an extractor fan with timer over run and set it to at least 15mins.....
I know that these extractor fans make some noise, but it can be reduced if its installed off the roof trusses and not on the ceiling joists.