We’ve been wondering when Panasonic would do something a little more interesting with a Micro Four Thirds sensor than simply pack it into an SLR-style body, and it looks like the new Lumix DMC-GF1 is the first step along that road. First leaked early last month, the spec sheet aligns pretty closely to the similarly sweet-looking Olympus E-P1, although most of the numbers max out a little lower: 12.1 megapixel Live MOS sensor with ISO 3200 sensitivity, 720p 30fps AVCHD Lite or Motion JPEG video (sorry, no mic input), three-inch LCD, and HDMI out. (In terms of size it’s a wash: the GF1 is less wide, but it’s a tick taller, and they’re both about the same thickness, although the GF1 has a built-in flash.) Ready for the bad news? Panny’s going to be selling this thing in two kits come October, one with a 20mm/f1.7 “pancake” lens and the other with a 14-45mm/f3.5-5.6 zoom, and both are priced at $900 — not including the optional viewfinder attachment. Yeah, that’s a lot of scratch, especially since the E-P1 has slightly better specs and lists for $800. We’ll see what street prices look like after a couple months, but for now we’re, oh, let’s say, “waiting to be convinced.”

Update: Well, what do you know? PhotographyBLOG has a nice gallery of sample shots up to give you a solid idea of what this bad boy’s capable of.

From engadget