Panasonic has announced the arrival of their micro four thirds compact camera the Lumix GF5. It will have improved and faster autofocus, a higher max ISO at 12,800 for shooting in low light situations, a larger touchscreen, and for you HD video buffs a new 1080 / 30p video mode. It will also shoot a faster 4 frames per second over its predecessor the GF3. It has the same sleek styling as the Lumix GF3 and is available in a variety of colors (Black, Red, White, & Gold). It is scheduled to hit the stores in June and should retail for around $600.