Should I buy the LX7?

I don't mean to be "all over the place", I'm just a little verbose.  (The most common complaint I saw lurking was people posting vague threads like "Should I buy this camera" and not expanding upon their requirements at all.  Perhaps I overcompensated a little.)

Not saying that there may be something wrong with it per se, just that the LX7 is incredible value right now compared to other models of its class.  Experience has taught me to at least ask the question when something seems too good to be true.

It's not an earth shattering decision sure, but it's still 80-130 pints of beer worth of decision so I hope it's not too objectionable if I ask around a little for advice before diving in   There's little more frustrating than thinking you've made a great choice and then being told "if only you'd spent another £50 you could have had something twice as good" after the fact.  Which is usually when people prefer to tell you!

Budget - let's say £400 max.  Where this camera intrigues me is that not only do the controls and features seem ideal for me (rivaled by the G15), according to everything I've seen and read it's considered an equal rival to the £350-400 models next to it (e.g. in the roundup on this site).  Not to be tight fisted or anything but there's no sense in splashing out 400 if something that can be found for 255 will do just as good a job.  It's a budget but not a target.