The LX100 looked interesting as more compact makers move to bigger sensors higher up the range
I don't think it was a bad show from what I can see maybe no killer "wow" stuff but not bad.
The LX100 answered some of my ideas about which way the camera industry could go. Panasonic did use larger sensors than the lenses could cover in their cameras before the LX100 but this time it is more pronounced. It allows different aspect ratio choices that offer similar total image resolutions as they do not crop on the lens covered sensor area itself. I'm curious how good that lens is. Limiting the focal range to keep a lens small and fast is a wise decision too. They could still offer a LX101 with longer zoom next to this one or go for interchangeable lenses with that concept.
Throwing digital bits away of unused sensor area in image taking is something else than not using film area though digital camera designers seem to be stuck with the idea they are still wasting film. Ample sensor area and lenses that cover that area more or less in relation to their size/task/etc should be an idea more embraced. Sony's A7R already allows that if their E mount lenses were interesting, they are not. A square mask is not selectable on the EVF and sensor, should be available on the next firmware update. Sensor image stabilisation is not available either in that camera, they dropped that when going from SLR to mirrorless. APS-C lenses on FF sensors do not occupy sensor space as nicely as M4/3 lenses on APS-C sensors.
Stretching this idea more and with interchangeable lenses I wonder whether Ricoh or Pentax ever signed the M4/3 club agreements. A real mirrorless "Pentax" body with the 5 axis image stabilised APS-C sensor + M4/3 mount at M4/3 focal distance would allow any aspect ratio between square and panorama with M4/3 lenses without resolution loss that is usually the result of a crop on the lens covered sensor area.
>>There still is some loss as a 1:3 panorama aspect ratio within a given circle contains less area than a 1:1 square area in that circle but way less waste than cropping on an already small sensor. The normal M4/3 lenses cover a 15,7 mm square in the center of a normal 23,5x15,7 APS-C sensor.<<
There is also ample sensor area left for shift or panorama with new M4/3 lenses that have more sensor cover, no need for shift lenses then. The digital shift on the new Olympus update sounds too much like a Photoshop solution. What I mention is a true physical shift without any shift mechanisms, only the relation sensor area to EVF area needs to shift or zoom. The Fuji Hasselblad Xpan comes to mind for the panorama feature.
True the M4/3 mount size and focal distance should have had Sony E mount properties to make this idea even more attractive but at least the M4/3 mount has a wide lens range to fill it. When Samsung introduced their mirrorless mount they did not even consider the possibility of M mount lens adaption so it can be done worse.
We have seen enough interchangeable lens, mirrorless cameras with sensors too small for comfort from Nikon, Canon, Pentax, etc. They will never get the lens range M4/3 already has. Pentax's mirrorless designs go straight to collector's shelves due to their bad concept + low production numbers and I think the Ricoh's are destinated to go the same route. However enough skill at Ricoh/Pentax to design new and special M4/3 lenses and a body like mentioned. That small Ricoh Photokina booth with the interesting images shower could be twice the size next time if it had the camera and lenses ready in two years.
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Met vriendelijke groet, Ernst
http://www.pigment-print.com/spectralplots/spectrumviz_1.htmApril 2014, 600+ inkjet media white spectral plots.