Panasonic LUMIX DMC-GF1 announced

We looked at the leak yesterday, and the Panasonic LUMIX DMC-GF1 was just announced shortly thereafter, where it is hailed to be the smallest and lightest system digital camera with a built-in flash in the world. This LUMIX shooter will bring the Micro Four Thirds system to a new level, where it targets consumers who are toying with the idea of making the jump to DSLR cameras, while prosumers who pick this up can always enjoy the convenience it offers without compromising on performance quality and creative flexibility. The LUMIX GF1 might be small in stature, but it is big on features including the ability to record 1,280 x 720 High Definition video in AVCHD Lite format, a special Movie Program Mode that allows consumers to adjust the depth-of-field while shooting in HD video, My Color mode for easy effects, a 3″ intelligent LCD display with a wide viewing angle, Optical Image Stabilization, a quick 0.3 seconds LUMIX G H-FS014045 lens, and a choice of AF modes. Expect the Panasonic LUMIX DMC-GF1 to arrive in major markets from early October onwards in a couple of kits, with prices starting from $899.95. [Press Release]