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@kboy
It's not equally good, but a GF1 with the 20mm is probably one of the best options there is when it comes to bang for bucks.
The GX1 though is nicer to handle, a fair bit smaller and better at low light. If it's worth the extra money though, I don't know. If you have it to spend, why not, if not, the GF1 is a fantastic camera