Check out m43 rumors 43 Rumors | Blog | First RAW Olympus E-M5 files for download! who has a link to a French site with Raw samples for the OM-D. Tools like Raw Photo Processor (RPP) will open them. French site via Google Translate is here: http://translate.google.com/transla...act-olympus-om-d-e-m5-exemples-photos-15.html But the chat at 43rumors is also useful. I don't have a Panny camera, so I can't compare, but the high ISO shots look a great deal better than my current EPM1. Blacks seem purer, and high ISO noise is more fine and grain-like, with little chroma.