I opted for the Leica 114 over the Lumix. I don't regret the decision. As far as bang for your buck, remember that you are getting a 3-yr warranty on your Leica 114. That's 3 years of your heavy use, at least I my case, covered. And then, you get two downloads of Lightroom 5. Two! Furthermore, it is not that Panasonic is a joke of a camera-maker. Panasonic holds its own against any of the brands you can name. I know, I own Nikon DLSR systems, a Canon system, Panasonic, this Leica, and my Leica X in Silver is coming. So, it isn't that I am defending the brand that I own and use. Which brings me to this point: the Leica 114 is one heck of a camera. It can't take a bad photo. It is light, well-balanced, and no problem carrying it around all day--unlike my D810 and D800. I like the handling of it too. It's great in my hands probably because of the deep hand grip. And to those who just want to dump on a good thing, I can tell them that, yes, it is nice to have the Leica logo on your camera. All these considerations, I believe, justify the higher price tag. Have you compared the craftmanship of the Lumix with the 114? The Leica 114 is more finely crafted particularly along the rubber grip. It looks delicate but this is deceiving. These cameras, not only the 114, are made of polycarbonate plastic. It's plastic but its greatest asset is its high impact resistance. I like my Leica 114 and I do not care what the gadgeteers say. I am into photography and I judge my equipment by the results they give me.