IMO, it's all about compromise. Why would anyone want to use a P&S when a crop DSLR is so much better. Why would anyone want to shoot a crop camera when they can go full frame. Why would anyone want to shoot FF 35mm when medium format offers so much more IQ. Why would anyone want to shoot MF when ……
Its not so much a race to build the smallest interchangeable camera as it is to provide the highest image quality is a small form factor for everyday use. Ideally, I'd love to have the image quality I get from my 1DsMkIII and L glass put in my iPhone camera, but that's unlikely to happen in the foreseeable future
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Instead I need to pick the best compromise between image quality and form factor that suits my use. It was the G series from Canon that I used for daily carry and those photography opportunities that were unplanned yet warranted better image quality than my iPhone camera could provide.
With the m4/3, that bar has been raised with regard to high ISO performance, DOF control, overall image quality, as well as the option to use interchangeable lenses, legacy glass, optical or electronic viewfinders, etc. The m4/3 is head and shoulders above almost all P&S cameras, and still small enough to carry in a briefcase, small waist pack, jacket pocket (with pancake lens), or just carry on a wrist strap. Perfect for when photography is on the sideline to everyday life, but the photographer wants something of substance available for the opportunities that undoubtedly arise.
I can fit the E-P1, and 35mm equivalents of 40mm 1.7, 150mm 2.5, 28-84mm 3.5/5.6, three batteries, a 40mm viewfinder, and three memory cards in a waist pouch that can't even hold my 1DsMkIII body, let alone even the smaller DSLRs (see packed waist pack below!). Thats a lot of firepower in such a small package. I've foregone image making in the past when the only option was to carry a DSLR and lens on my shoulder all day, but I'd easily go all day long with the m4/3 full kit described above in a small bag on my waist. I feel so en'LIGHTENED'
🙂 (bad pun I know
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While I'd rather not give up IQ at all, I'm also not going to carry around my DSLR outfit just in case those photo opportunities arise. So I either accept a hit on quality with a P&S, carry around my huge shoulder bag, or forgo the images altogether. The m4/3 is just a small bump up in size over a P&S, but a huge leap in image quality over the everyday P&S.
A compromise long overdue! And I'll gladly keep moving up as the IQ increases and the form factor reduces. If they can fit it on a chip and drop it in my iPhone, so much the better!
🙂
Count me in!!!