Here you have it, the world's first #-Link-Snipped-# camera, the Lumix DMC-G1. Panasonic calls it the "world's smallest and lightest digital interchangeable lens camera," a fancy of way of saying it's not a traditional DSLR nor is it a regular point and shoot -- it's something in between. Remember, the micro four-thirds format ditches the internal mirror and prism while maintaining a DSLR-sized sensor -- in this case, we're looking at a new flip-out, 3-inch, high resolution (1.44 million pixels!) Live viewfinder and a 12.1 megapixel Live MOS Sensor. That allows this cam to weigh in at 385-grams (0.85-pounds) and just 20-mm thick. Rounding out the specs are optical image stabilization (MEGA OIS), intelligent ISO, AF tracking, face detection, HDMI output, and intelligent scene selector with Venus Engine HD image processing and a Supersonic Wave Filter dust reduction system under the hood.

For $1200 - I might buy it. 😉