Panasonic adds to its LUMIX G Series the new GX1 Micro Four Thirds Compact System Camera. According to Panasonic, the new model is intended to please a lot of photo enthusiasts who have been eager for a technology upgrade comparable to the LUMIX DMC-GF1. The GX1 features 16.01 Megapixel Live MOS sensor, Venus Engine and a 3-inch LCD touchscreen with touch-control system for touch-based focus and shutter release.

Panasonic officially announced its new LUMIX DMC-GF3, its smallest and lightest digital interchangeable lens camera with a built-in flash. Based on Micro Four Thirds standard, the mirror-less camera delivers “all the features desired from a traditional DSLR interchangeable lens camera” in a ultra compact, lightweight body, weighing just 7.83oz. It is 16.7% smaller and 16.2% lighter than its predecessor, the LUMIX GF2, according to Panasonic.

Panasonic expands its LUMIX G Micro System line with the new DMC-G3 Micro Four Thirds camera, follow-up to the LUMIX G2, featuring 16 Megapixel Live MOS image sensor. The new camera uses Micro Four Thirds mount and is compatible with LUMIX G lenses as well as any interchangeable lens that complies with the Four Thirds System standard via an optional mount adapter.

Olympus expands the Digital PEN line compact Micro Four Thirds interchangeable lens digital cameras with the new E-PL2. The new camera continues the the PEN family’s legacy of simple design, intuitive interface and DSLR image quality. It is equipped with a 12.3 Megapixel Live MOS sensor and the TruePic V Image processor to deliver clear, accurate and colorful photos.

Panasonic introduces the LUMIX DMC-GF2, a new Digital Single Lens Micro (DSLM/DSLMicro) compact mirrorless camera that is the company’s smallest and lightest interchangeable lens system camera with built-in flash. The GF2 packs a 12.1 Megapixel Live MOS sensor that combines best of both worlds – the superb image quality of a CCD sensor, plus the lower power consumption of a CMOS sensor. It is compatible with Micro Four Thirds lenses. including the LUMIX G H-FT012 12.5mm / F12 3D interchangeable lens for taking 3D images.

Along with the Lumix G2, Panasonic unveils the Lumix DMC-G10, another addition to its line of LUMIX G Micro System Micro Four Thirds Camera. The new G10 is the world’s lightest digital interchangeable lens camera with a viewfinder. It features the same 12.1 Megapixel Live MOS sensor and Venus Engine HD II processor as the G2, but its 3-inch LCD display lack touch-panel and ability to move.

Panasonic officially introduces the new Lumix DMC-G2, the company’s latest Micro Four Thirds that serves as the successor to the Lumix G1. The G2 is the first Micro43 camera to feature a touchscreen for touch-operation allowing users to lock onto a subject for AF tracking, select the part and the size of AF area with the 1-area AF and access menu settings easily.

Olympus adds the PEN E-PL1 to its Micro Four Thirds lineup. As the company’s third Digital PEN camera, the PEN E-PL1 is basically a Lite version or budget version of the original E-P1, sporting a 12.3 Megpaixel Live MOS Image sensor, which is also used on E-30 and E-620 DSLRs.

It looks like Panasonic is preparing its Lumix DMC-GF1 compact Micro Four Thirds digital SLR. The Lumix GF1 will be competing the Olympus’ E-P1 as both them are based on the Micro Four Thirds system and probably use the same image sensor module.