Panasonic's new DMC-L1 features the Venus Engine III, a 2.5-inch live LCD (like in Olympus's E-330), and a 7.5 megapixel "Live MOS" sensor, as they call it -- which they claim has reduced power consumption and more CCD-like image quality. Panasonic has also added Oly's Supersonic Wave Filter dust reduction system, which shakes dust off the sensor before it has a chance to sully the image. The DMC-L1 also includes Panasonic's image stabilization system, and continues Pan's use of Leica-branded lenses. No announcement on price or release date yet, but we aren't expecting this fine motha to run us cheap.