There are very few surprises left in the age of the internet. It's not a surprise that Panasonic launched the m4/3 based DMC-LX100 at Photokina 2014; what is a real surprise is how they did it. By letting go of the notion that they had to use all of the potential of a m4/3 sensor, Panasonic freed themselves to produce a camera that stayed within the mission of previous LX-series cameras: extremely enthusiast oriented but small and elegant. This is something that the LX100 (like the RX100 cameras) does well in a way that the Canon G1 X Mark II doesn't; the Canon went for a large sensor and fast lens without really considering how it would affect the overall design philosophy of the camera. The end result is something that is large and a bit unwieldy compared to the more nimble offerings that it has to compete with.
How nimble is the LX100? It looks big because it recalls the chunky 4/3 DSMC-LC1 of yore, but it is just a tad bit wider than the LX7, almost the same height and 1cm thicker. This puts it in roughly the same size territory as the Fujifilm X30, but the LX100 does this with a faster lens and a larger sensor. Correspondingly, the price tag is larger as well. The headline specs are:
The virtues of this camera speak for itself, but it is part of a worrying trend. Nearly ever new enthusiast-level offering in the "small and light" category... interchangeable lens or not... costs at least $600 USD or more. At least in North America, there simply aren't enough buyers willing to pay this much money for a "secondary" camera. All of the manufacturers have been racing ahead of each other to climb of the "premium price hill" but there is only so much room at the top. Will it be the first to get there who lasts (Sony RX100) or will the crown go to a new comer like the LX100?