Originally posted by falconeye We're approaching the camera=rear lens cap logic.
Don't ask how large the camera is. Just ask if it adds bulk to the lens.
And a lens can be made arbitrarily small, depending on your needs for sharpness (diffraction) and freedom of noise (lens diameter).
With 14MP and APSC, you don't even have to illuminate the entire image circle. Just mount a retractable walk'n shoot zoom with a µFT-sized image circle and you still have an outstanding 6MP camera.
There's no point in such big lenses. Yes you can mount pancakes but you know very well that, considering the market those cameras are aimed at, it will be an exception. In conclusion, you get an ultra small camera fitted with big lens (compared to the camera) which is still not pocketable.
It is better than before but can't ahead DSLR's (no potent viewfinder and probably questionable performance, not sensor related) or P&S (net result is an unpocketable camera).
Nice and all, but very "niche" IMO.