Excerpt: I sold my DMC-FZ7 and bought this in the fall of 2010. I wear glasses, and I couldn't really tell the difference between the EVF on the G10 and that of the G2. At the price it was selling for, I figured I'd live without the articulated LCD screen. This camera has made me very happy. I should mostly raw now because I can (the FZ7 didn't have a raw mode). I have the kit lens, the 45-200mm zoom and the stunning Leica 25mm f/1.4 lens.
Summary: I bought this to replace my G1 which did not offer video recording. This camera is very similar to the G2 however to make it cost less Panasonic took out some features. There are 3 main differences between this and the G2: No articulating LCD screen Video recording is 720P in MPEG EVF (electronic view finder) has ~200K pixels vs 1.1 Million on G2 The good thing is that it takes amazing photos, it has an amazingly fast boot time, compatible with many lenses.
Summary: Bought the cam about 1 month ago. Used it in my trip to Scandinavia to shot mostly scenaries (lakes, rivers, mountains). This is my first camera, so I am not so familiar with custom set of all parameters, used presets generally (portrait, scenery etc). All main functions/presets can be accesed by buttons & special rings. Usability is on the high level.
Summary: This camera body is an excellent value when used with legacy lens or Panasonic and Olympus lens. If you do not need video this is an excellent micro 4/3 camera and the pictures speak for themselves.