Panasonic has announced their entry into the 4/3rds DSLR arena with a 7.5 megapixel camera and Zeiss lens. This camera is very similar to the Olympus E-330 and uses the same sensor, which we have come to learn is actually manufactured by Panasonic. The Lumix offers a live preview on the rear LCD in a similar fashion to the E-330’s “B” mode. The kit lens is a 14-50mm f2.8-3.5 zoom which looks excellent, and according to Phil Askey, will also work on the E-330. The kit price is $1,999 - and it will be interesting to see how this camera is received by underwater photographers and housing manufacturers.