World's First Micro Four Thirds

One of the most anticipated, but kind of expected, news from Panasonic (Olympus should be next since these two are the Four Thirds manufacturers) is the first Micro Four Thirds digital camera, the DMC-G1. Can't call it a DSLR since there is no mirror involved but still this is a inter-changeable lens system. Read about the release from various photography websites but do check out Panasonic's official website here for the official stuff.

Not sure how many of you are interested but I am rather excited to see a smaller body (since there are no more mirror boxes to reflect whatever caught by the lens to the optical viewfinder as in a (D)SLR) with inter-changeable lens system. The features for the G1 are all over the website. However, the red and blue colours are kinda weird for this kind of a more serious camera but maybe Panasonic is trying to target a wider range of audience. DPReview's got an exclusive preview.

Update: One of the first negative thing I noticed is the battery life. By using the LCD and/or what Panasonic calls the LVF (Live View Finder), battery life is limited to 330/350 shots (CIPA Standard).