Most of you already know that I am always instantly skeptical whenever some new product comes out saying that it is the world’s smallest or lightest, and Panasonic says that the Lumix DMC-G1 is both the smallest and lightest D-SLR.

So how small and light is the Lumix DMC-G1? For starters, the camera itself is based on a new Micro Four Thirds System standard, which completely removes the need for an internal mirror structure. Not only does this new system standard reduce the camera’s size by half, its decreases the weight of the Lumix DMC-G1 to 385 grams.

The DMC-G1 is a 12.1 megapixel camera that has several other features including Intelligent Exposure, Mega O.I.S., Intelligent Scene Selector, AF Tracking, Face Detection, Live MOS, My Color Mode, as well as an HDMI output.

The Lumix DMC-G1 also has some unique lens accessories. It ships with a Lumix G Vario 14-45mm/F3.5-5.6 ASPH/MEGA O.I.S. lens, and then another model, the Lumix G Vario 45-200mm/F4-5.6/MEGA O.I.S., should be available later. Panasonic has stated that the G1 will come with interchangeable lens in other colors besides black, including blue and red.

Panasonic’s DMC-G1 will be available in November, and the company will announce the price in October.

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