I just saw a thread today comparing the image quality between the E-P2 and the Leica Digilux 3 (rebranded Panasonic L1 with a different processing engine) and I thought I'd look back through my images taken with the L1. I really like the images taken with that camera and I'm going to take it on my next holiday together with the Olympus E-P3. I'm going to take note at the end of how often I used each camera and the quality of the images I got from both. Although the Panasonic is ONLY a 7.5MP camera I have been very satisfied with it in the past, especially developing the raw files using Silkypix. I think the Silkypix/Panasonic thing really works well.
I'll post some images from both and I'll let you be the judge of image quality.
The next few days the images here will be those from the L1. Maybe you'll like them, but then again, maybe you won't.