Pros
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Fun handling - especially for the more traditional user; build quality; cracking lens; lovely image tonality; useful set of film modes
Cons
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Price; still limited system at the moment; live view has limitations to its usefulness; small number of AF points
Value For Money
At a penny shy of £1500, including the lens, the L1 is somewhat more expensive than its competitors. It reminds me of the Fujifilm S3 Pro, in that it offers something different for a high price. The S3 Pro is now half the price it was, if you can find one. With the similar Olympus E-330 at half the price of the L1, and 10 MP models now even lower, I worry that the Panasonic brand name alone justifies the price.