"Depends What You're Looking For"5.0 starson by DarenSherwood
Pros: High quality images, high ISO capability, having control over all aspects, Exposure control is excellent, focusing is accurate, camera is easy to use
Cons: Doesn't shoot unlimited bursts like the LX-3, Low light performance is not as good as I hoped, Lens cap is annoying
Summary: I said "Depends on What You're Looking For" because everyone has their own expectations and needs. In my case, all my DSLRs have been Nikon, and all my small pocket cameras have been Canon. I was in the market for a new pocket camera since my others didn't have optical image stabilization. So I bought another small Canon, and for some reason, just not as pleased anymore (I ended up giving to my wife and she loves it). I must admit I'm picky on quality of the image, high ISO capability, and having some control over camera setting.Edit Broken Link
A friend of mine had been looking at DSLRs, but bought the LX5 and asked what I thought about it. The more I reviewed and analyzed it, the more I liked it. So I bought one. It's close to a pocket size camera, but a little larger. Though the specs say 4.3 inch x 2.6 inch x 1 inch, that is true, but just for the body itself. The lens with lens cap adds another inch sticking out. So the body is OK, but a little bigger than I previously would purchase for casual carry around shooting. But, it's still not that large overall, and fits in jacket pockets, larger pants pockets just fine.
So after using this camera, I changed my outlook. Why? Because this camera met my expectations of high quality images, high ISO capability, and having control over all aspects (but I found automatic mode produces outstanding images also, so it's a win-win on this camera). This camera is the first compact I ever owned that produces superb images which I don't find myself complaining about. The images actually look like the original scene. Exposure control is excellent, focusing is accurate, images look great, and the camera is easy to use. For being picky, I really haven't found a complaint yet. Lumix did a good job on this one.
Even though this camera has a hot shoe on top for an external flash, I don't buy compacts for that reason, normally wouldn't care if one was there anyway. I would use my DSLR for that purpose. However, that's me, so I took my Nikon SB800 flash (which is 3 times the size of the camera) and stuck it on the LX5. I put the camera in Aperture priority mode, set the f/stop and set the flash accordingly. No problem. Everything worked very well. Though you can't expect to get a computerized camera to flash operation that a dedicated Panasonic flash would give you, it does mean you can use whatever flash you want on the camera and get good photos. (I posted one under customer images using the Nikon flash).
So it does depend on what you're looking for in a camera that suits your needs, in my case, this camera does excellent and very pleased with it.
*** P.S. If you will buy this Camera I suggest you have compare price before you decide at: www.amazon.com/gp/*************?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%****%2Foffer-listing%2FB003WJR69E%3Fie%3DUTF8%26ref_%3Ddp_olp_new_map%26condition%3Dnew&tag=***************&********=ur2&camp=1789&creative=390957
Updated on Oct 2, 2011
If you will buy the LX5 I suggest for best deal at: www.ama zon.com/exec/******/****/B003WJR69E/cnet-offer-20
Updated on Nov 20, 2011Edit URL
Suggest check for best deal at: www.amazon .com/dp/B003WJR69E/?tag=cnet-offer-20