Together with Digicaminfo I worked to get and confirm the GX1 specs. And that collaboration really made it possible to have an FT5 rumor (Thanks!). Here are the specs:
Design is very similar to GF1 with some “touch” of LC1.
It has the same 16 Megapixel G3 sensor.
New image processing engine and ISO12800.
The fastest AF of all Panasonic cameras: 0.09 seconds AF!
920,000 dots touchscreen LCD (non tiltable!!!)
LVF2 external viewfinder with 1,440,000 dots. (no Built-in EVF)
Color: black, silver.
Camera will be first released on japanese market on November 25. A couple of weeks later in Europe and than US.
Take a look at the LC1 on eBay. I guess it will have that kind of grip and built quality.