Panasonic announces the release of its GX1 the latest addition to its G-series of compact system cameras . The camera also has the interchangeable X lenses and features a 16 megapixel sensor , 12800 high ISO sensitivity, high speed AF and a 3-inch LCD touchscreen. Available as a black or silver body-only kit for $700, or with a H-FS014042 lens in mid-December ($800), or with a H-PS14042 lens in mid-January for $950. Check out the teaser video after the jump.

Panasonic GX1 specification highlights

16MP Micro Four Thirds sensor
ISO 160-12,800
Orientation sensor (providing information with non-OIS lenses)
3.0″, 460k dot LCD
Full AVCHD 1080/60i video (from 30fps sensor output)
Continuous shooting up to 20fps (at reduced resolution)
Electronic level gauge
Four available Fn buttons (two onscreen)

[ Panasonic / Dpreview ]