That is quite some immense thought you've put in Wabbit. I don't think I can keep up the discussion to the level of detail you've presented. But nevertheless, I shall discuss some of my thoughts.
You've called the G1 a 'bridge' between prosumers and DSLRS. While on one hand it may seem like it, Panasonic already has higher end 'DSLR-like' models, I believe it is the GH1 you've mentioned, all with the same non-reflex concept. Therefore, I would say that G1 is in fact itself, an entry level "DSLR" system of the Panasonic camp. I would not guess that they have the intentions to include shutters into their systems anytime soon.
Again, it does not appear to me that Panasonic is trying to develop bodies. It simply does not sound like a smart move unless they have a lens selection up. From the way you have described your opinion of what consumers want, it does almost seem like these consumers you have in mind are just 'gadget-chasers' if I may call it. If I may ask, what is so fun about changing lenses? Especially since the lenses that Panasonic offers are neither faster nor longer, or even wider than those offered by their prosumer class. In fact, I would consider getting a G1 a downgrade, comparing to the FZs, simply because the lens is going to cripple the body anyway. As for interface wise, they're all pretty similar, with the same modes etc. Faster auto-focus? Again, its largely the lens' job since Panasonic is using an electronic auto-focus concept, much like Canon. So the pros that you mentioned about the G1, while theoratically conceived, is not practically produced.
So what really sets the G1 apart, is simply the size of the four-thirds sensor. What does a big sensor help? For the most part, just noise and a little bit of sharpness. Noise? Well, its pretty bad according to most reviews. So really, the entire Panasonic system won't have an edge at this moment. Simply put, I believe they're just trying to break into the market, starting small. A tad bit like Sony, although Sony's got a great jump start.
As for entry levels becoming more affordable? I do query that sometimes. Clever marketing has made us all believed so, but after the buying frenzy has died down, take a step back and look at the price differences. I'd cite from the camp I'm most familiar with, a Canon 40D, semi-professional that will beat both entry levels 450D and 500D in many aspect, costs only a small fraction above 450D, and a lot less than 500D. The same can be said over at the Nikon camp with the really expensive D90 and 5000D.
Coming to the part about adaptable lenses for the G1, generally all 4/3 mount lenses will work. I can only think of 2 plausibilities.
1) Panasonic can't make lenses, but hope that someone will buy their body to use other companies lenses. Thus they over-price their bodies so that they can still keep going.
2) I prefer this position: It is unlikely that Panasonic will rather let the other companies supply lenses for their own body. If yes, it is probably a tie-up with Leica, which does exist but the line-up is still too few, and too expensive. I believe Panasonic would rather produce their entire lineup if they had a choice.
Okay I am not keeping up. But if I read you correctly, the large part of your opinion focuses that consumers are going for 'style'. For instance you mentioned LX3 being liked due to it being a range-finder style camera? I would not agree that its range-finder look is LX3's main strength. But it really lies in the lens. And yes, the sensor is being complained about, because Panasonic does indeed fall short when it comes to sensors. I don't feel that the development of the bodies will lead to development of lenses. But conversely, I'm back to lenses again, saying that Panasonic won't advance much if they can't bring up some good lenses.
Alright, just my 2 cents
feel free to correct me again if necessary, sorry its kind of late so I'm off to bed!
