Panasonic announced its new Lumix DMC-G1 that is the world’s first Micro Four Thirds system camera, which is the world’s smallest and lightest digital interchangeable lens camera, weighing in at 385 grams and Based on the Micro Four Thirds System, the Lumix G1 has no internal mirror like other DSLR cameras.

The Lumix G1 is also the world’s first interchangeable lens camera that will come with color variety, black, blue and red models.

Panasonic Lumix DMC-G1 features a 12.1 Megapixel Live MOS image sensor, MEGA O.I.S. image stabilization, Venus Engine HD image processor, Intelligent Exposure, Intelligent ISO, and Face Detection. It comes with a electronic full-time Live View Finder and a 3-inch large LCD display. There is also the Supersonic Wave Filter Dust Reduction System.

The Lumix DMC-G1 will be released in November as a kit with the new LUMIX G VARIO 14-45mm/F3.5-5.6 ASPH/MEGA O.I.S lens. Panasonic will also launch in November the LUMIX G VARIO 45-200mm/F4.0-5.6/MEGA O.I.S.lens. Pricing will be announced in October.

The Lumix G1 will be available in Japan on 31 October. The G1 itself costs 80,000 Yen, while a kit with the LUMIX G VARIO 45-200mm lens costs 120,000 Yen.

[Panasonic]