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Panasonic Lumix G2

It's not quite as svelte as its GF1 cousin, but as the second-generation of the original Micro Four Thirds camera, the Panasonic Lumix G2 ($TBA) offers one of the most complete packages available in the format. Its 12.1 megapixel sensor, 720p video recording, and new Venus Engine HD II image processor are all nice, but the big draw is its 3-inch LCD touchscreen that can rotate 180º and tilt 270º up-and-down, letting you take advantage of its slick tap-to-focus feature from nearly any angle. We wish they wouldn't bundle the thing with the 14-42mm lens, though — cameras this small beg for a proper pancake prime.

  • Sony Alpha DSLR

    It might still be in the concept stage, but that doesn't mean we can't dream about having a Sony Compact Alpha DSLR ($TBA) in our bag or pocket. Powered an Exmor APS HD CMOS sensor, these compact concepts also offer interchangeable lenses, DSLR-level controls, and full AVCHD video capability for high-quality HD video capture. Expect a fairly hefty price tag if/when these become available.

  • Samsung TL500

    Perhaps designed to be a Canon S90 killer, the Samsung TL500 ($450) is the latest point-and-shoot to adopt several DSLR-level features. Among these are a 24mm, 3x optical zoom, f/1.8 Schneider lens, Aperture priority, Shutter priority, and Manual shooting modes, dual image stabilization, RAW support, a 10 megapixel, 1/1.7-inch CCD, and a front control wheel. Unfortunately video shooting is limited to 640x480, but the gorgeous, swiveling 3-inch AMOLED LCD should more than make up for it.