Panasonic has formally unveiled the LUMIX DMC-G5, a mid-level mirrorless interchangable lens camera. The G5 is built around a 16MP LiveMOS sensor that the company implies hasn't been used in a G-series camera before. This, combined with the company's latest 'Venus Engine' allows the capture of 1080p video at 60 frames per second (50p in European examples). It also gains an additional control lever, higher-resolution 920,000 dot rear LCD and regains the eye-sensor to automatically switch between LCD and electronic viewfinder. In principle the G5 will sit above the existing G3 in the company's lineup. For more information, read our hands-on preview.