Thanks Michael for this report. As it is common in this site, I found it very "down to earth", and without all the "noise" that abounds in other places. Specifically "discussion noise" about, well, noise, undiscernible differences in image quality, etc, etc.
For the past two years or so, I have been following the development of micro 4/3 cameras with interest. They seem to strike a correct balance between ergonomics and capabilities, with "good enough" image quality for my requirements. I have wet my feet with the GF1 plus 20mm pancake lens (a fantastic combination). I have now progressed in my plunge, and bought a GH2 with the 14-45mm lens.
After getting more experience with micro 4/3 system from Panasonic, I expect to be selling my Canon DSLR system.