I saw that too, but if you check the forums on dpreview.com, someone commented that the increased MP count makes it the equivalent of a 1/1.8" sensor. So it may turn out to be a wash. However, they said the LX2 has the 16:9 weirdo sized sensor so this "more square" one may be ok.
I'm not holding my breath, the Venus IV processor has not impressed me one bit so far. It is better than its predecessor, but I don't know if the noise problem was the processor hamstrung by poor sensors, or the chip+firmware is just not good enough yet.
The lack of a longer zoom sort of bothers me, and they don't have a tele attachment? The only thing left is to use 3MP or less and use the Extended Zoom which is just cropping not true optical zoom.
Only time and reviews can tell I suppose.
In other news, the FX150 is sort of weird, "manual mode" = arbitrary shutter speed setting? How about aperture and shutter priority? Sometimes who **** knows what shutter speed to set? So for fast shots I can just set like 1/1000sec shutter, but for night shots how am I supposed to know? Can't you just give me those larger apertures and you deal with the shutter? I find this odd. Guess A/S mode they are leaving for the LX series (or just the flagship FX500).
I'm actually slightly more intrigued by the Casio EX-Z150. It managed to stick with 8.1MP so I think the sensor size/MP count combo may be more reasonable. Again we will have to see actual reviews.
Another shocker so far is the lack of anything from Canon. I know the big wave of new cams is supposed to come in Sept/Oct for Photokina, but looks like everybody else is jumping the gun. What can be happening now?