First up - In response to DodgeandBurn's review: RAW images - If you download Adobe's free DNG convertor you can change your .RW2 files to .dng files. These can be worked on in camera raw which is embedded within all versions of Photoshop if I'm not mistaken - problem solved. With regards to the comment regarding noise, I agree that it's very noticeable above 200ISO, but you've got to bear in mind that apart from the Sigma DP1, compacts do have smaller sensors than budget/mid range DSLRs. Take 10MP on a Sony a100 for example and 10MP on the LX3. The same number of photocells on different sized sensors = smaller photocells on the LX3 = worse light gathering capability = more noise. It's virtually unavoidable and something that you just have to come to accept when using compacts. It's as simple as this - If you're used to using a DSLR, it's quite likely that you'll struggle to match the quality of your images taken with your DSLR. That said, given that it's a compact I'm very impressed with the results I've had so far. The advantage is that you no longer have any excuse to say "God I wish I had my camera with me". - just pop it in your pocket whenever you go out the front door. One thing that I really struggle with is the time autofocus takes to lock on, but again I'm comparing this to my a700 and a £500 sigma lens...no contest...and you can always manually pre-focus if needs be. It's very easy to accidentally alter the camera's settings, which is a bind - always check before you shoot. The HD video is a nice touch, but be aware that the lens will take a focus point at the start of filming and focus will stay locked on that point until you finish filming. The Lumix leather case looks gorgeous, but is ridiculously expensive. I got a Lowepro30AW camera case. It's a tight fit (barely space for a spare battery or memory card) and even coiling the camera strap in to the bag can be time consuming, but you want it to be compact right? After all you're buying a compact camera - chances are the main reason you will buy a compact is for it's non-hindering portability. The screen is pretty good. I wish there was an inbuilt vew-finder for the sunny days (buy this add-on separately for lots of your hard earned £'s). Build quality is really good (for £300+ you'd expect it) and styling is a gorgeous mix of retro and contemporary. Although it takes longer to set up settings for a shot(having to go through menu driven settings) compared to most DSLR's one or two touch settings changes, it's relatively easy to use. The wide angle of the lens is good and you really can't go wrong with a Leica lens can you? Let's face it (I'm going to really upset some Leica users here!)...it's basically a cheap altenative Leica with a different badge (place here your own Skoda/VW analogy!). If you're considering it, do it - it's a really good camera all in all. Otherwise consider the Canon powershot G10 if you're not so worried about the size - and if you want a larger sensor (and therefore potentially and theoretically, yet not always definately less noise at higher ISO's) go for the DP1.