We remember you that there is an official Panasonic statement that increases the chance to see a compact micro four thirds camera from Panasonic:
From: http://www.amateurphotographer.co.uk
“Asked whether Panasonic intends to launch a more compact-style camera body, Ichiro Kitao general manager at Panasonic’s Products Planning Group, said: ‘It is one of the choices – a more entry-level piece than the G1 or a step up piece…In the coming years we would like to expand our G Micro [Four Thirds] system.”
From what we know a compact camera could come end of the year (FT 3). Panasonic don’t want lag behind Olympus which cameras are probably out this summer.
first rumors tell us the camera should have 10-12 MPX (FT 3) and video recording (FT 3).