I was just doing some quick comparisons of the Summicron-C 40/2 to an Olympus Pen F Zuiko 38/1.8 when I came across this thread, so here are the shots. This is by no means designed to be a comprehensive comparison of any of these lenses! It's just a single view from my desk.
These were taken on a tripod at the close focus distance of the Summicron (the kit lens and Pen lens will focus MUCH closer -- the last photo shows how close the Pen lens will get.) Focus manual (on the kit lens, too) on a highlight on Gumby's left eye.
ISO 100, shot RAW, converted to DNG, opened in Photoshop CS3, color balance 'as shot', no sharpening or adjustments applied, then 'save as' with quality = 6. The smaller versions were adjusted to 1024 max width then save as with quality = 6.
The kit lens is lacking contrast, I suppose due to the backlighting. Looks like the 40 year old lenses handle that better, with the Summicron having more contrast than the Zuiko.
The Olympus Pen is a 38/1.8 using a Pen F to Micro 4/3 adapter from Taiwan, and the Summicron is using a Novoflex Leica M to Micro 4/3 adapter.
All lenses are at max aperture except the Zuiko which is stopped down from f/1.8 to f/2, to match the Summicron.
Is this a fair comparison? No, as the kit lens is three full stops slower, which means selective focus is very limited (it was also not surprising it was more difficult to focus manually looking through a lens at f/5.6 than at f/2.)
Click on the photos for full size images (4000x3000)
Summicron-C 40/2 @ f/2

Olympus Pen Zuiko 38/1.8 @ f/2

Panasonic 14-45/3.5-5.6 @ 40mm f/5.6
Close focus distance of the 38/1.8 Pen: