Release date: Late August ($500)
Panasonic's highly anticipated follow-up to the Lumix LX3 offers a bright F2.0 lens, 720p high-definition video with manual controls, RAW mode, very fast autofocus, an ultra-wide-angle 24mm lens, and full manual controls. Its redesigned 10-megapixel sensor is built for low-light shooting, and a test shot taken at ISO 3200 during a demo looked incredibly crisp for a photo snapped with a point-and-shoot camera.