I know there are a few water-damage threads out there already, but I cannot hold myself back from sharing this story. I took my GF1 w/ 1.7 pancake to North Carolina for the last two weeks. I left it sitting in the sand on the beach. Overnight. No case, nothing. Obviously not my finest moment. I am an idiot. It thunderstormed all night long into the next afternoon... very heavy rains. I woke in the morning, realized what I had done, and had a panic attack as I sprinted out to the beach late-for-the-job-interview-style. There was my camera, completely saturated in water and at this point half buried in wet sand. I immediately wrapped it in my shirt and ran inside knowing that it was ruined, never to experience even a faint glow of the "Lumix" logo on its screen again. Sick to my stomach, I hurried to dry it and remove the lens, battery, card, strap, and open every compartment possible. Even the LCD was full of water and fogged up beneath the plastic screen cover. Two different friends begged me to try the old "dropped the cell phone in the toilet" trick and throw everything in a big covered bowl of dry rice overnight. With nothing to lose at this point, I dried all the pieces the best I could and did. And waited. About 24 hours or so later I opened it. It was dry from what I could tell. I cautiously put the battery in and turned it on. The screen flickered a couple of times and then stayed black. The shutter button did not work. The menu buttons did not work. A couple random buttons would make the screen flicker and do nothing else. At this point I knew I was probably screwed, but I took the battery out quickly and put everything back in the bowl. I waited 48 more hours. I took everything out, took a couple hours to maticulously clean each piece up, and put it together. I flipped the power switch, and it kicked on immediately with the Lumix logo. Everything works perfectly. It's as if it never even happened. The lens and camera work greatly, and the screen does not even show a single sign of ever having been wet or foggy. Maybe I'm just one of the luckiest guys in the world in this case, but if this is not a testament to the build quality of the GF1, I don't know what could be. What a relief... thank you Panasonic for making good stuff. ps... I'm still getting occasional grains of sand dropping out from random openings and cracks. I imagine that will be happening for quite some time after this.