So Panasonic has announced their Micro 4/3rds camera. It is a cute and tiny SLR-shaped camera, not the rangefinder some of us were hoping for....
With the colors and other such features, the word on the Internet is that it's aimed at the female audience. I don't think it'll really make sense until the 20mm f/1.7 lens comes out, assuming that it's a pancake lens. Also, it won't autofocus with standard 4/3rds lenses nor does it do video.
This is useful. The G1 looks like it might be reasonably able to fit in the pocket with the 20mm f/1.7 lens. I think that whenever they decide that American consumers can handle a smaller camera, the camera they produce will be the sort of thing I want.