It seems like only yesterday that Panasonic rolled out the Lumix DMC-GF2--and in fact, it's only been about six months here in the U.S., though the older model debuted overseas a few months earlier than that. Regardless, Panasonic's ready with a new, even more compact interchangeable-lens model. The GF3 doesn't replace the GF2, but it's priced the same, which I suspect is going to make for some confusing buying decisions.
The GF2 uses the same 12-megapixel Live MOS sensor and Venus Engine FHD processor as the GF2, but incorporates some of the enhancements from the G3, including the Light Speed autofocus system and focusing options like pinpoint and a picture-in-picture navigator for manual focus. Panasonic also includes the more advanced auto mode from the G3 which allows for color and brightness adjustments.
Here's Panasonic's current ILC lineup: