Both 43 Rumors and Photo Rumors are citing "reliable" sources that Panasonic will be announcing a G3 camera in May of this year. 43 Rumors is claiming May 11 and Photo Rumors May 12. With the relatively short product cycles we are seeing, it seems unlikely that there will be massive changes with the new model, although 43 Rumors cites sources that the G3 will have a new 16MP sensor and a smaller form factor than the G2. Both of those changes will be welcome depending on the implementation. From a sensor standpoint, we've now seen the same sensor (with minor differences in anti-aliasing filter) in all Micro 4/3 cameras other than the GH1 and GH2. We are due for a sensor upgrade, and it is likely this new sensor will make its way into all upcoming Olympus and Panasonic cameras other than the GH line. In terms of a smaller form factor, one wonders whether the G3 will be to the G2 what the GF2 was to the GF1, and indeed 43 Rumors suggests that this may be the case: some physical controls removed in exchange for a more compact form and a user interface more likely to appeal to those moving up from a "point and shoot" camera. Sources: 43 Rumors | Blog | (FT5) Small pieces of G3 rumors...(and I am travelling to Antwerp) Panasonic Lumix DMC-G3 to be announced on May 12th | Photo Rumors Note: Links in this post may be to our affiliates. Sales through affiliate links benefit the site.