I have a Dlux 109 and get the same image size as my regular micro four thirds bodies. I don't know about the LX100. In 4:3 aspect ratio it's getting full sensor capture at shortest zoom.
SIGH
The sensor is the GH4 sensor.
The GH4 sensor is 16MP.
LX100/DL109 outputs RAWs at 24mm(equiv) in 4:3 at 4112 x 3088 pixels, that's 12.7MP.
At 3:2 it captures 4272 x 2856 RAWs, 12.2MP. This is due to the different ways the sensor output
IS EFFING CROPPED according to the aspect ratio set.
Having it is obviously a start, but clearly it's not a guarantee that you aren't buying into it purely for the badge and will ascribe superpowers to the red dot.
Any other questions / arguments?