Without having held and shot with the GH1 myself it’s hard to say if Panasonic’s latest Micro Four Thirds Lumix is worth a hoot. Sure, it shoots HD video, which is fine and dandy, but these are cameras and not camcorders. If you fail to produce high quality still images then who gives a damn if it shoots HD video or bakes you a cake. Anyway, Eric over at PB got a little face time with a pre-production model and posted a clip of the encoded AVCHD video to MPEG-4. It’s not terribly exciting, but some of you have probably been wondering about it.