Even though the Gh2 is suppose to be an improvement, especially in high ISO performance DXO actually rates the GH1 better in that catagory and gives it a 64 overall while the GH2 gets a a 60.
The DxO numbers have two problems with the GH1.
First of all, the GH1 is doing RAW noise reduction at the highest ISOs the way DxO tested it (you can prevent this but it is counterintuitive and it appears DxO didn't understand what was going on). As far has their SNR 18% numbers which drive the "Sports" score the cameras actually appear to be nearly identical.
In the "Landscape" score, which would probably be better called the "shadow noise" score, they don't account for banding. A lot of the GH1s had fairly significant banding at the higher ISOs which the GH2 does not.
So in the end they are very similar. The GH1 certainly isn't "better" but it isn't clear the GH2 is really much of an IQ improvement either.
I found a real good deal on a GH1. I'd like to find a good deal on a GH2 but they are a tough find here in the USA right now.
I doubt there are going to be many great deals on the GH2 for awhile! On the other hand there are some amazingly good prices on the GH1. If all you are worried about is IQ I'd say the GH1 is the best deal available. The GH2, which I have now, does bring a lot nice UI improvements, EVF improvement, etc. etc. It is, however, a pretty steep price to pay for these benefits compared to the great deals available for the GH1 right now.
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Ken W
Rebel XT, XTi, Pany G1, LX3, FZ28, Fuji F30, and a lot of 35mm and 4x5 sitting in the closet...