I finally had a chance to check out all the Photokina announcements today, and it seems to me like the GM5 isn't getting nearly the amount attention that some of the other announcements have gotten. From my perspective, it seems to be a very well-sorted camera that ticks pretty much all of the areas that interest me. 1) Size. It's small - even smaller than the E-PM2 - but amazingly it seems to make no sacrifices in terms of controls (buttons are as large or larger) or LCD. 2) EVF. It's frankly embarrassing that Olympus can't manage to fit an EVF on their substantially larger E-P5, while Panasonic manages to get one onto this barely-larger-than-GM1-size camera. 3) Electronic shutter. I've wanted a camera that could shoot discreetly for a while, and the electronic shutter makes that possible. It also alleviates issues with shuttershock - a particular problem with smaller bodies and compact lenses. 4) ILC with small lens options. The LX100 looks like a fantastic camera, but it has two major disadvantages in my book - controlling the zoom is via a lever which makes it slow and imprecise, and the lens is a stop slower than the inexpensive and compact 20/1.7 and 45/1.8 lenses. The 12-32 lens may not be as fancy, but at daylight apertures, I don't think the image quality will differ meaningfully, and it has none of the delays of using a zoom lever. Meanwhile, when the light drops down, every stop of light is critical. About the only significant feature I'd miss is IBIS. The 2-axis system on the E-PM2 isn't really all that useful, but the E-PL7's 3-axis appears to be pretty darn good - similar to the E-M5 and it's relations. But as long as the slower lenses have OIS (and the kit 12-32 does), that's not a huge concern. I have seen a few complaints about the size of the EVF, but I honestly can't get that worked up about it - I've never had much luck with manual focus, and for framing/visualization it seems plenty large. Overall, it seems like a great replacement for my E-PM2 - a decent camera that I've not quite managed to bond with, and a more flexible alternative to the non-pocketable compact camera options (LX100, G1X m2 et al.).