A dpreview forum user had the chance to test the Panasonic G2. He made a ISO comparison using Lightroom 3 beta-2 and G2 firmware 0.2. Probably the image quality will improove a little bit with the final firmware. Take a look here: http://forums.dpreview.com/forums/read.asp?forum=1041&message=34893256
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Let me translate the sentence “Probably the image quality will improove a little bit with the final firmware” in English:
The image quality is essentially crap, but we’ll try to hide the noise using noise reduction and other software artifacts.
Come on, Panasonic, we need better RAW quality!
Hard to tell from this whether the G2 itself is really much improved over the G1.
LR 3 beta 2 alone makes a big difference; the G1 really seems to benefit from its new demosaicing routine.
Haven’t done much serious “testing,” but subjectively it looks as if going from LR 2 to LR 3 on high-ISO G1 images is worth almost a 1-stop improvement (i.e., ISO 1600 with LR 3 looks about like ISO 800 or 1000 with LR 2.)