Your post just make me think a little bit...
1. Certain people tend to see the glass half empty
I upgraded from a P&S (Panasonic FZ28) and to me, the 14-140mm is more than sharp enough and the 20mm f1.7 crazy sharp. From that "glass half full" perspective, I love my MFT system.
Now certain people compare MFT to things like 5DMII (full frame!), D700 (freaky full frame!) or FT 50mm macro (which is sharp enough to use as a weapon). And they complain MFT lenses are bad because to them, the glass is always half-empty.
It's all in your mind. When you have an orange, compare it with another orange or a mandarin and you will be satisfied (e.g. from what I have read, the MFT lenses are mostly as good as similar lenses of the same specs from other systems - I tested the Canon 18-200 and see no different with my 14-140mm).
If you always insist on comparing oranges with grape fruits (or worse with crazy big genetically modified grape fruits) then you will never be satisfied and will always complain and life is just miserable.
2. Certain people don't get the point of MFT yet want to use MFT and complain about it
Why bother to compare GF1 with D700, GH1 with 5DmII, etc.? If you indeed need noiseless shooting or large prints, why bother considering MFT? Go straight to the D700/5DmII or any Full Frame (and check with your doctor in advance for shoulder sprain medication).
Why bother to compare FT 50mm macro with any MFT lens? If you need crazy sharp pictures to slash people, get an adapter! And if you can't MF properly (or complain that AF FT lens on EP1 is too slow) then you really don't need crazy sharp pictures. Really!
Different people see MFT differently. IMO, MFT is about versatility (possibility to adapt many lenses, video + photo in one package, can take camera to many places), size (my GH1 is approximately same size as my FZ28 which is about right for me, can travel light) and quality (way better than P&S).
If you really think MFT is so bad and see no point in MFT then get something that suits you better! Don't just complain about it. Be proactive and tackle the problem.
If you chose the system then stick with it, stop complaining and work out how to maximize the potential. If you chose the system and changed your mind then just walk away and don't look back. If you haven't even tried the system then please just shut up!
3. I completely disagree with the way you talk about the 14-140mm
Firstly, a lens that is designed for video is in nothing degrading. Versatility is a plus, never a minus. Considering that 14-140mm is at least on par with other super zoom lenses from other systems in term of image quality (see dpreview review), I see the video design a huge plus.
Secondly, super zoom lens cannot be as sharp as a prime (or even other shorter zoom lenses). SZ lesses are designed to be versatile and provide picture quality good enough throughout the zoom range (I think this explanation is redundant for you because you seem to have a superior photographic background - but I just need to reiterate). The time you need to swap from one lens to another is enough to miss a moment completely. With this "digitally enhanced video" piece of crap, I at least can get something. And last time I checked, 1 0.
So ya, I wouldn't want to take my 14-140mm to compete with your SHG Oly gear in term of sharpness. I'll lose. But take your gear and do video! I think I have more than an advantage. It's not always about the sharpness.
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My flickr:
http://www.flickr.com/photos/testdasi/
I know its early on, but it really is a bit of a disappointment so far. I realize all we have are entry grade lenses, albeit a couple of which are priced towards high grade...
What gives? I know these new sensors are capable and even the first round of cameras are capable of far more, but these lenses from
everything I'm seeing so far are indeed the achillles heal.
I have yet to see any that compete with OLy's High Grade as yet, much less Super High Grade, including Leica's lone entry - possibly only the Pany 20mm notwithstanding.
I know its still early, but, especially given OLy's recent announcement, will we in fact see any great lenses for the m4/3 format ?
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'There ain't no life nowhere' ~ Jimi Hendrix
Lately I'm thinking he was talking about pixel peepers.
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My flickr:
http://www.flickr.com/photos/testdasi/