Several Japanese photography blogs are reporting a countdown screen for the release of the Lumix L1 which is due to finish on Wednesday 21st June.

The Lumix L1, which has been co-developed with Olympus uses the FourThirds standard, making it compatible with the entire range of Olympus lenses, Sigma FourThirds lenses and a new line of Leica digital lenses specifically designed for the camera.