The Panasonic GF5 has been officially announced, and it's exactly as was rumored:

• Similar size and design to GF3
• "Newly developed 12.1-megapixel Live MOS sensor and redesigned Venus Engine"
• 3.0-inch 920k touch display with redesigned interface
• Light Speed AF (0.09s AF like GX1)
• 14 filter options with option for real-time preview: Soft Focus, Dynamic Monochrome, Impressive Art, One Point Color, Cross Process, Star Filter, Expressive, Retro, High Key, Sepia, Hi Dynamic, Miniature Effect, Low Key and Toy Effect.

US MSRP: With 14-42mm power zoom: US $749, With 14-42mm standard zoom: US $599

Overall, the improvements from the GF3 seem to be relatively small. As a GF3 owner, I won't be upgrading. For new buyers looking for a very small Micro 4/3 camera, the GF line got a nice, if incremental, refresh. I'm guessing the sensor is the same as GF3, but the faster AF, higher res display, new user interface, and refined design are all nice additions.

More info:

• Comprehensive coverage at 1001 Noisy Cameras
• DPreview Preview
• Engadget Hands On
• CNET Hands On

[Thanks scottnz]

Underwhelming. G5 + 14-42 std zoom kit is priced at only $100 less than the GX1 with 14-42 std zoom. GX1 has more manual controls, can take the EVF, and has the 16 mp sensor. G5 needs to be cheaper. High-res LCD is finally here for Pany though! Woohoo!

On a tangent, did Pany ever fix the 14-42X blurring issue?

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14/2.5 17/1.8 17/2.8 25/1.4 45/1.8 75/1.8 12-50 14-150
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If only Panasonic and Olympus would bring new cameras out more often.

Oh no hang on…

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Still no *cough* IBIS *cough*

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GF-1, E-M5, 20/f1.7, 45/f1.8

who is the market for this camera? I feel like gf3's are well under $400 most of the time and this one looks nearly the same. I think the constant model refreshes are getting to be a bit much. Will there be a gf6 by Christmas?

How many m4/3 bodies have they made and you think they'll develop IBIS now?

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E-M5 | M. Zuiko 45mm f/1.8 | Lumix G X Vario 12-35mm f/2.8

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You're looking at the wrong company.

People who want the latest and greatest? heh, I have no idea. And as Armanius, it's so close to the GX1. It is tiny (based on my experience w/ the GF3), but Panasonic's pricing structure is all sorts of screwy. They need to stick to slower cycles =(

I have said this before on another thread, but it seems like a waste of R&D for a new sensor with similar results as those ones in the G3 and GX1. Why not reuse the same sensor and pass on the savings (from R&D) to consumers?

As far as the IBIS, if they are going to have one, it's probably on their flagship camera. GH3 maybe?

I remember the days when a new camera meant some excitement. This is so uninteresting.

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Yes I know its very unlikely. I'm just being cynical
I don't see anything appealing from this model, feature wise, or price wise.
So I'm still keeping my GF1.... for now

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GF-1, E-M5, 20/f1.7, 45/f1.8