Well, I disagree. I thought about doing the same as you, getting the E420 and 25mm pancake. But it' not pocketable and is much more fragile because the lens does not retract into the body. I got the G10 instead, and it's an unbelievable camera. The quality of the lens and files up to iso 200 is astonishing. I own a 5D and L lenses. I haven't done any comparisons yet, but I expect that at iso 80 the G10 will rival or exceed the resolution of the 5D. It's that good. I had an LX3 for a couple of weeks and ended up returning it. I didn't think I'd use it that much because, whereas the quality was good, it wasn't good enough for me. After reading Reichman's and Thom Hogan's reviews I decided to try the G10. Wow! I shot some low light, indoor images last night at iso 400, and they're also excellent. This is some camera. I'm using DPP to convert RAWS. Blows away the LX3. And while heavier (and better built than the LX3), it at least as "pocketable" because the lens fully retracts. I won't hesitate to print files at up to iso 200 at 24" wide. Once DXO Optics supports the G10, it will provide the quality of an M8, with a versatile, excellent zoom lens, with IS, and be more pocketable. Also, you can save zoom settings in the custom settings, so you always have 28mm whenyou turn it on, and can save 35mm and 50mm equivalents as C1 and C2 settings to have a rangefinder-type experience, like with the Ricoh G100 and G200. I will probably get a couple of Voigtlander external viewfinders to use with it.