The new Panasonic Micro Four Thirds cameras were leaked last week, but the full details have now been officially announced by Panasonic. The Panasonic Lumix DMC-G2 and DMC-G10 models are the latest offerings in the Micro Four Thirds family of cameras. The DMC-G2 is being hailed as the successor to the DMC-G1 which was one of the first cameras on the market using the Micro Four Thirds system. One of the new features of the G2 is an articulating touch screen LCD which allows you to manipulate controls by simply touching the screen. An example of this is the ability to tap on the screen and have the camera stay focused on that location.

Both cameras feature a 12.1-megapixel Live MOS sensor with the ability to shoot 720p HD video. They also come with the new Lumix G Vario 14-42mm/F3.5-5.6 ASPH kit lens with MEGA O.I.S. built in. When you compare the two side by side, it is obvious that the DMC-G10 lacks a touch screen and instead it only has a flat LCD which can’t be repositioned. What makes the G10 special is that it is the lightest Micro Four Thirds shooter on the market with a built in view finder. Being lighter isn’t the only difference, the G10 only records video in Motion JPEG, while the G2 uses AVCHD Lite compression to allow more video storage on a single SD card. The good news is that both cameras support high-capacity SDXC memory cards, which would certainly take care of any storage issues encountered.

Micro Four Thirds cameras are similar to traditional DSLRs, but don’t include the traditional reflex mirror. This allows cameras that use the system to be much smaller and weigh less, but still include an interchangeable lens. Other Micro Four Thirds from Panasonic include the DMC-G1, DMC-GH1, and the DMC-GF1. No prices have been announced yet for the Panasonic Lumix DMC-G2 and DMC-G10, but based on the specs it is easy to say that the G10 will be the cheaper of the two. You can see pictures of the two cameras over at DP Review here (G2) and here (G10). Panasonic has also released a short promotional video of the G2, which can be seen below.