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The Panasonic G1 - Is this the beginning of a new direction in compact cameras?

Back when I was rabbiting on about what camera to buy, I mentioned that “The best camera is the one you have with you…” and that “any compact digital camera with more mega pixels than [8] is nearly always going to result in a poorer quality picture”. These two assumptions were key to my choices for a powerful carry around camera, which is currently a Canon G7. Today’s announcement of the Panasonic G1, the first camera based on the Micro Four Thirds standard may be about to fundamentally alter these assumptions..
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Or it could be “What do you think of this camera?” or “Is this a good deal?” or… or… or… Not to labour the point, but I get asked this a lot by my friends and family. I don’t mind, as I definitely suffer from an addiction to camera porn (i.e. researching, reviewing, buying the latest and greatest cameras and accessories ). In the camera buying world, religious wars are many, and opinions are strongly held. As a service to the world at large I will share my opinions with you…

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