As noted in this blog previously, both Sony and Samsung have announced new mirrorless cameras that are remarkably small, but have very large image sensors. Now Panasonic has made an announcement of its own but moves the four/thirds system to an even smaller scale.
It has produced a "collapsible" zoom lens that fits its cameras, as well as, those from Olympus. It works like the lens on a point-and-shoot camera. It collapses to a very small size to give the camera an equally small profile when not in use, or during wide angle use. But it can telescope to increase the focal range.
Unlike a point and shoot, the telescopic range is optically stabilized to give sharp images throughout the entire focal range. The stabilization allows for zooming-in while shooting video with the camera just like on a point-and-shoot. This makes shooting sharp video much easier than using a DLS that requires manual focus while zooming.

