somebody posted this in dpreview:

"When the LX3 came out years ago, it was a breath of fresh air. It was small, it had the most commonly used FL zoom. It had a fast zoom lens. It had fantastic IQ. It had video! Having video on a camera at that time was a bit new.

The RX100 is now the new LX3. What it did great is that it made the sensor even bigger. And the low light performance is way ahead. So with the other features. If the LX3 or even LX5 was good, the RX100 is the first compact that is truly pocketable and that is on par with entry level DSLRs.

The LX7's dilemma is that it will pale in comparison to the RX100. I suppose Panasonic didn't see the RX100 coming, the same way many didn't see the LX3 coming in the early days. It's too late for the LX7, but on the next iteration, they better do something different. They could discontinue the line and create a new one, or revitalize the LX8 with a larger sensor and see if they can squeeze a 24-85 f2.0-4.5 lens in there. That should put it in the running again. As it is now, the LX7 is not like its grandfather before, or even the LX5. There is a new kid on the block and it is one hell of a camera. "