Image quality:
To compete with the NEX APS-C sensor 1.5X larger, Panasonic dropped the video sensor output from 60p to 30p, starting with the 2011 models to improve high-iso performance for stills. This is why you'll see "Sensor output is 30p" next to the 1080 60i and 720 60p specs for all of the 2011 and the current 2012 cameras. Yes, the photo image quality did improve, but at the expense of video performance.
NEX vs. 2010 MFT vs. 2012MFT high-iso jpeg performance.
NEX vs. 2010 MFT vs. 2012MFT high-iso RAW performance.
Go for the NEX system if you want dSLR high-iso image quality AND 1080 60p HD (real 60fps, not displaying the same frame twice and call it 60p).
Small high performance lenses:
Sony will soon introduce a 16-50mm (24-75mm equivalent) G (Gold - like Canon professional "L" lens) pancake zoom about the size of of a Panasonic 14-42mm (28-84mm equivalent) X pancake zoom. Small with high resolution - I'll be all over it!
The truth is all NEX lenses are already much smaller than the APS-C dSLR lenses from Sony, Canon, and Nikon with identical focal range. I'm a long-time Canon dSLR owner (my brother a Nikon guy) and can see the differences with our own eyes.

It's also true that both the
NEX 16mm and the
NEX 18-55mm OSS kit lenses deliver better overall performance than the
Canon 18-55mm IS and
Nikon 18-55mm VR. In fact my
$600 EF-S 17-85mm IS can't deliver center sharpness even close to my two NEX kit lenses that cost $100 each (bundle costs), and dpreview reviews can backup my observations 100%.
Wide angle zoom:
Sony will introduce a wide-angle zoom in 2012, which IMO will likely be a 11-18mm with over 100 degrees diagonal FOV - great for underwater use (to me at least). Why? I've noticed all of the NEX zooms have identical focal ranges as the A-mount APS-C zooms, and the only A-mount APS-C wide-angle zoom is the 11-18mm. Let's hope this wild guess of mine is correct!
Autofocus speed:
NEX autofocus speeds have improved tremendously with each firmware update and I'll backup this claim with a
video. Yes, my 5N focuses as fast as the one in the video. Keep in mind that most online reviews are based on the firmwares first shipped with the cameras not the updated versions. My NEX-5N AF speed is now really close to my Canon dSLR except when it comes to tracking fast-moving subjects, then the dSLR will blow it away.

However, adding a LAEA-2 lens adapter with phase-detection autofocus for videos and stills, 5N will blow away my older dSLR for sure.
Edited by A.Y., 27 May 2012 - 02:13 PM.