The grip makes the G1 body look larger, but even leaving it off to
emulate the L1 design wouldn't reduce the overall system size since
even a pancake lens will likely protrude at least as far as the grip.
Now, we need to find out what the price of this little guy will be.
That is really the only thing that stopped me from getting the L10;
perhaps without the Leica branded lenses this will be more affordable.
According to digitalkamera.de, the G1 14-45 kit will sell for 750 Euros.
That's about 850 USD when you subtract VAT; but the US price is
usually less than what we pay around here anyway.