The current Panasonic GF2 This morning 43 Rumors has assigned an FT5 rating (their highest reliability rating) to a rumor that the Panasonic GF3 will be "ultra small" and released in mid-June. According to their sources, Panasonic has removed the hot shoe and some of the external controls in order to make the GF3 significantly smaller than the GF2 while incorporating the same 16MP sensor from the G3. Although many enthusiasts would decry the omission of hot shoe and controls from such a camera, 43 Rumors is suggesting that another GF series model for enthusiasts could follow later in the year. When the Lumix 14/2.5 was released, many felt that Panasonic made it smaller than it needed to be and instead should have prioritized speed or corner performance, but with the availability of even smaller bodies, the design choice makes a lot of sense. I would love to have a tiny GF3, pocketable with the Lumix 14mm f/2.5, to complement the GH2, and I suspect that many current G/GH users would feel the same way. It has been just six months since the GF2 was announced, but with the newly developed 16MP sensor and price cuts on the GF2, it does seem likely that a replacement is imminent. Source: 43 Rumors 5/23/11 Update: We previously reported a rumor from Digicame-info about an upcoming June 3 Olympus PEN announcement. After further review of that story, with some human (rather than Google) translation, Digicame-info is also reporting that Olympus will introduce a "mini" PEN line to compliment their E-P and E-PL lines.