Jason, you probably want to wait a bit until the X power zoom lens is available.
The 14-42mm lens looks decent, but starting at f/3.5 is unappealing. My GF1 is pretty awful above ISO 800, so a fast lens is a must for keeping things in check. It would be hard to go from an f/1.8 to a f/3.5 to f/5.6. Bleh. So many compromises in photography...I guess that's part of the "fun".
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