I purchased a Lumix LX3 in the weekend. Pretty happy with it, although I haven't had a chance to take many photos with it.
Here is a written account of why I got it.
I currently have a Lumix FZ-30, which is a fairly decent SuperZoom point and shoot, EVF. It takes decent photos, has a nice 12x optical zoom and is a decent camera. It is however, as bulky as an SLR, which really stopped me from taking it anywhere, to any sort of social occasion. What really annoyed me was that neither the LCD display or the EVF were any good, the LCD was far too small, and the EVF was horrid. It also had a pretty noisy sensor.
So, new camera. Here were the competitors:
Canon G11: Wasn't exactly smitten by the look, and it was quite bulky. Most reviews/shootouts compared it to the LX3, and it either fell short slightly, or edged ahead slightly. Didn't seem to be much better or worse.
Panasonic GF1: Almost exactly what I was looking for. Compact, great quality, almost SLR level features in a pocketable camera. However, the price was high, higher than entry level SLR's. Also, the available lenses were short in supply, and super expensive. I asked myself if I would really buy that many lenses in the next couple of years, and the answer was a big NO.
Entry level SLR: (eg Pentax Kx, Canon Dsomething) Affordable, great features, great quality. Would be a good investment and should last me a long time. Still, it would be just as bulky as the FZ-30, if not more so, and therefore would not get around that major issue. Also, for my level of photography knowledge, it would be a waste of time for me as I wouldn't have a clue how to use most of its features.
So, after reading many a review, I decided on the LX3. Most reviews pegged it as the best compact camera around, has a great wide angle lens and is easily pocketable. Pretty much everything I was after. If I need a Tele lens for anything I can always use the FZ-30, but I suspect I'll either sell it, or not bother to take it anywhere.