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IMPORTANT UPDATE:
I had a talk with all sources and that’s what I can say for now:
(FT4) Panasonic will announce “something” early August.
(FT2) On Q4 you can buy the compact Panasonic MicroFourThirds camera

But is the MFT camera going to be announced in August or something else? We are checking it.

What we know about the Panasonic MFT camera:
(FT4) The Panasonic compact camera is as tiny as the and very similar in his function. A second source reports that it is thinner (may because of the lack of inbody IS). And it will come with the 20mm f/1.7 lens!
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(FT3) Look at the image below. This is an image of the Panasonic LC1. There is something you miss in the E-P1 and the Panasonic G(?) will have. The EVF on the right!

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…I am preparing the BIG! news now. It is VERY BIG!
be prepared it is coming soon (in few minutes)

UPDTAE: It is a Panasonic rumor…

Woke up this morning with following rumor in my gmail:
“I can’t tell you my name, but I can tell you the next panasonic m43 will be announced in the first week of september. It looks a bit like a Olympus PEN, but it is a little less heavy. Functions are like the GH-1”

The source is new and I ask him if it is possible to contact him in any form (may you can make a new gmail account). I need to ask you something
But anyway thanks for sending me the info!

BHphoto: Silver E-P1 with 14-42mm lens

J&R: White E-P1 with 14-42mm lens

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And the Olympus E-520 10MP Camera with 14-42mm f/3.5-5.6 and 40-150mm f/4.0-5.6 ED Zuiko Lenses sells for $477.98 only at amazon.com!

Some little sign of live is coming from Panasonic. Finally amazon.com is listening the Panasonic 14-140mm f/4.0-5.8 OIS Micro Four Thirds Lens for Panasonic Digital SLR Cameras. You can preorder the lens for $849.95. Availability in 2-5 weeks.