glacierpete: With a D600 24x36 mm sensor in a mirrorless compact system camera at the current street price of around €1500 they would have the market in their pocket. Given a mirrorless camera without mechanical parts ist cheaper to produce than a DSLR, they would make more money with this camera compared to a D600.
Classic management mistake in order to protect a dying product line.
However, the AF on such a system, released at the time of the Nikon 1, would have sucked just as much as EOS-M. If not more.
On sensor PDAF was not ready for that sensor size and body compactness then.
The Nikon 1 did one thing right: AF. Which is essential for usability. But pricing was and is too steep. Shareability was also too low.
Nikon 1 with Pentax Q pricing and one button "send to smartphone" would have left a mark.
This is pretty much an audience that wants to share pictures right away. Not when they get home.
The Fine Art Shooter (FART) don't care about instant sharing. Only the highest DxO Mark score for Dynamic Range matters. But families, students and teenagers do. What's the point of shooting pics you can't instantly upload to Facebook?
AndersHansen: Is the 1/1000th flash sync retained from it's predecessors?
The switch from CCD to MOS indicates it is not. Too bad. The LX3 is a great fun camera for shooting "sunny 16" days because of the combination of sync speed and hot shoe.
I had hoped for articulated LCD, and largely unchanged specs otherwise. LX7 looks better than LX5 for almost anyone but me, but I'll probably skip it if the insanely fun sync speed is now gone.
The search for a pocketable, articulated LCD, 1/500 or faster sync speed, large aperture camera continues ;-)
Edit: LX3/5 x-sync is actually a whopping 1/2000th of a second.
1/1000th is the limit of the RF triggers I use.
Is the 1/1000th flash sync retained from it's predecessors?