Is it just me or does Panasonic own the Micro Four Thirds arena? Probably so. Making a worthy successor to the G2, the G3 will have a 16 megapixel sensor, support for 1080p AVCHD video recording with stereo audio, 4fps burst shooting at full resolution, and an articulating, 3-inch touchscreen that replaces some of the dials on the last-gen G2 model. The touchscreen allows you to focus and operate the camera much like a smartphone’s, and weighs 11.8 ounces of aluminum, which makes it 10% lighter than the previous-gen model. The Panasonic LUMIX DMC-G3 launches sometimes in June for $700 in black (of course), brown, red and white.
Oh, and if you want a 16MP point-and-shoot camera, then the Lumix-FH7 (also announced today) has 720p HD video recording and 4x zoom, which can be seen in a press shot after the jump, with a press release.