While its redesign resulted in some lost bulk, it also resulted in the loss of its hotshoe
It hasn't been long since Panasonic replaced their already-compact GF1 with the stealthy GF2, but that hasn't kept them from moving forward. The newly-designed GF3 is 16.2% lighter and 16.7% smaller than its predecessor, the GF2. The result is a 7.83oz interchangeable-lens compact that's not much bigger than a smartphone.