THE NEW LUMIX GF1 sounds promising: A compact DSLR-quality camera that takes interchangeable lenses. I’ve certainly liked my Lumix LX-3 a lot, and this is sort of its big brother. A little pricey, though.

UPDATE: Reader Jeff Nolan writes:

$899 seems pretty reasonable considering the feature set. From what I have read it appears that the only limitations are the lens selection (older 4/3 lenses require an adapter which means autofocus may not work) and the picture framing with live view (I still can’t get used to this, prefer the old school method).

It’s an innovative camera and I have to admit that I am a little envious because I just plunked down $3k for a Canon 5D MkII knowing full well that one of the things I really don’t like about DSLRs is that the bulk makes traveling a hassle.

One of the things I love about the camera marketplace is that it is vibrant and ultra competitive, with prices continuing to decline by double digits year over year.

Yes, why isn’t healthcare this way? Hmm, what could be different?

ANOTHER UPDATE: Les Jones emails that the problem is Baumol’s Cost Disease.