Panasonic's little Lumix GX1 is now official. As expected, the compact interchangeable lens shooter brings a 16.01 megapixel Live MOS sensor and high-speed Venus Engine processing capable of pulling images at a maximum 12,800 ISO sensitivity. The mirrorless camera supports Lumix G / Leica DG lenses and features a high-grade body design, level gauge, a GN7.6 equivalent built-in flash, customizable function buttons, 3.0-inch 460,000-dot touchscreen control, and optional 1,440,000-dot equivalent tilt-shift Live View Finder offering 100 percent field of view.

The GX1 features a quick Light Speed AF allowing it to autofocus in about 0.09 seconds and a new AF Flexible mode locks the focus when the shutter is half-pressed. The camera captures images in RAW format, if you want, and video in 1,920 x 1,080 / 60i AVCHD (or MP4 format) with an intelligent auto mode to keep things simple.

The GX1 looks like a brilliant followup to the Lumix DMC-GF1 as an everyday camera for professionals and enthusiasts alike. Look for it to ship in mid-December in both black and silver bodies for $699.99. Kit options include the DMC-GX1-X with LUMIX G X VARIO PZ 14-42mm / F3.5-5.6 ASPH. / POWER O.I.S (H-PS14042) lens for $949.99 MSRP and the DMC-GX1-K with 14-42 standard zoom for $799.99.

Watch the video below for a three-minute overview of the GX1's features, then click the comparison image to see how it matches up with its Lumix peers spec-for-spec.