43 Rumors has published leaked photos of the Panasonic GF5, which is similar in appearance to the GF3 but with a new grip and more angled contour. I think the subtle design changes are a major improvement and really like the look of the GF5. Here are some comparative images of the GF3 and GF5: According to their sources, the GF5 will have a 12MP sensor with noise performance on par with the Panasonic G3, Canon 60D, and Canon 7D. These types of claims which accompany leaks are usually based on in camera JPEGs. It seems unlikely that Panasonic would develop an all-new 12MP 4/3 sensor. No word on announcement date yet, but the rumor states that the Panasonic G5 will be released alongside the GF5. My guess is that the G5 and E-M5 will share a common 16MP sensor, distinct from the G3/GX1 sensor, while the GF5 will use the same 12MP sensor as the GF1/2/3. The other rumored specs for the GF5 are a 920k screen (higher res than GX1) with revised touch screen interface, max ISO 12,800 (same as GX1), and 0.09s AF (same as GX1). Source: 43 Rumors One comment about the rumor mill: Pics of this camera were first published by Panasonic-friendly model Angelababy on her Instagram stream. Would be a very odd thing for her to do by accident. DPReview published that, and they have never published a rumor before. Makes me think that both Angelababy and DPR were green-lighted by Panasonic. I have zero evidence, just speculating.