The translatiojn from Japanese is difficult to understand. I think it says that Panasonic will release LX4 with 1/1.3 inch backside illuminated sensor and integrated Summicron f2.0 lens and Panasonic DMC-GL1 with a LUMIX G 20mm F1.7 (pancake / 55,000 yen) lens:
43rumors also has several posts about the rumored Panasonic LX4. Here is sensor comparison (scaled, not actual size) between the different sensors:
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It looks like my old LC1 – the best handling camera I ever owned – which makes me think it could be fake…
If it’s real and has an EVF and IQ on par with the G1/Pen I’ll have to part with my D40! I just wished they reintroduced the bounce flash from the LC1/L1. That would make this feller the perfect walk around cam.
So Panasonic, if you get this right, you get my money