With the Lumix GX7, Panasonic has created a pretty spectacular looking hybrid of all the mirrorless, interchangeable-lens camera technology the company has been developing over the last few years. We can't wait.

The GX7 is supposed to be a follow-up to the excellent GX1, which came out a few years ago, and Panasonic has changed a lot about the design and feel of the camera. The GX7 is larger and heavier, with a grip that's easier to hold. It's also being sold (in the US at least) with a retro-style silver and black magnesium-alloy body.

Panasonic says it has completely redesigned the 16-megapixel, micro four thirds sensor so that it's 10-percent more sensitive than the chip on the GX1. The GX7 features the company's latest Venus image processing engine, which will supposedly offer impressive in-camera noise reduction even when you're shooting at very high ISO. It's also using a new AF system which can zero in on a focal point all the way down to -4EV—that's really, really dark.

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The GX7 features lots of little touches that the best mirrorless cameras in this class from Fujifilm, Samsung, and Sony have recently introduced, including customizable focus peaking, and a built-in electronic viewfinder. The former makes it easier to focus manually. The latter is a must for photographers who feel that you can't really shoot while staring at a display on the back of a camera.

For trickier situations where the EVF is impractical, the GX1 has a touchscreen LCD that tilts 90-degrees. Unlike Samsung and Sony, Panasonic has opted for LCD rather than OLED tech in both the display and viewfinder, saying it's looking for color accuracy rather than misleading over-saturation.

When we were briefed on the camera, we were told it would be available about a month after the announcement in the $1000 price range when bundled with a 14-42 kit lens.

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• Sensor: 16 MP, micro four thirds
• Processor: Venus
• ISO Range: 100-25600
• Display: 1.2 million-dot tilting LCD
• Video: 1920 x 1080 (60, 50, 25 fps)
• Price: ~$1000 w/14-42 kit