Panasonic has announced its Lumix DMC-G1, the first camera based on the new Micro Four Thirds System standard, which eliminates the internal mirror of digital SLRs, thereby reducing size and weight. The 12.1-megapixel G1 weighs 0.85 pound and features a flangeback (mirror-to-sensor) distance of approximately 20mm, half of the distance in Four Thirds standards.

The G1 also features a 1.4x magnification Live View electronic viewfinder system and a 3.0-inch 460,000-dot LCD. Both the Live View Finder and LCD provide a 100 percent field of view. Live View is made possible at 60 frames per second by the Live MOS sensor. A new Venus Engine HD processor enhances imaging, and a dust-reduction system shakes at 50,000 times per second to keep the sensor clear of particles.

The MEGA O.I.S. adjusts for hand shake through a sampling frequency of 4,000 times per second, and an Intelligent ISO Control detects subject movement and automatically adjusts the ISO setting and shutter speed.

The camera also introduces the new Contrast AF (autofocus), which allows for up to 23 focus areas, a Quick AF, AF Tracking and the Intelligent Auto (iA) mode to automatically adjust for optimal shots.

Users will benefit from the My Color Mode, where they can adjust for color, brightness and saturation while composing shots, and also from My Menu, where they can store selections and create custom settings.

The Lumix DMC-G1 will be available in November in a kit that includes the new Lumix G Vario 14-45mm/F3.5-5.6 Asph./Mega OIS lens. Also available in November is the Lumix G Vario 45-200mm/F4.0-5.6/Mega OIS lens. The G1 will be available in red, blue and black, with pricing to be announced.