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As with all things in photography, the 12-35x is a compromise. A good compromise, but a compromise all the same.As with all my reviews, I will preface that I am a part time pro photographer. My to kits consists of a 5D Mark II with a stable of L lenses and the Olympus OM-D E-M5 along with the Leica 25 1.4 and the Oly 45 1.8 and now the 12-35 2.8 X.Pros-great autofocus speed and accuracy on OM-D, very similar to the Leica 25 1.4-excellent color and contrast, although not quite as good as the Leica 25 1.4-useful zoom range, but would prefer slightly longer tele end aka 24-105 FF equivalent-usefully fast constant aperture-sharp wide open results, especially at the tele end, almost as good as primes mentioned above-reasonable close focus distance-weather-sealed construction to make the most of OM-D and a perfect travell / hiking lens-Canon L series build quality (really feels like a mini 24-70 L zoom!)Cons-2.8 max aperture good for shutter speed / low light / low ISO, but not enough to create really shallow DOF on 4/3rd sensor (really need 1.8 or 1.4 depending on focal length)-Chromatic Ab., color fringing in highlights, and slightly soft corners wide open ( none of these are unusual though, even on the Canon version and CA and fringing easily corrected in post)-Cost, although I am sure Panny will sell enough of these to justify the price. At $999 this lens would be a steal, seriously.Overall impressionsThis is a critical lens for the M43 system and really helps make the whole format a viable alternative to pro DSLRs. There are still some issues with m43rd, ie C-AF and good tele primes / zooms, but with the upcoming 75 1.8 and the rumored 35-100 2.8 X the reasons to stick with the larger formats from Canon or Nikon are becoming less and less relevant for 99% of users. Full frame cameras like the 5D still hold an absolute critical IQ advantage, but most applications don't take advantages of the extra IQ unless you are printing large than 24x36.Combined with the OM-D, this lens could be the only lens you need for spectacular images in most situations. It still does not replace a great prime like the Leica 25 1.4 for low light shooting, shallow depth of field and absolute image quality, but it comes close. When you add the convenience, weather sealing and overall quality of the Panasonic 12-35 x, you get a very compelling package.I always say buy the best gear you can afford; you will rarely regret it. Right now this lens is the best Micro 43rd zoom available.Just buy it already!!Thanks and I hope this review is helpful in making your decision.Happy shooting.

Due to the best lineup of lenses and multiple bodies, m43 system is considered the most mature smaller alternative to DSLRs. A big part of it is availability of bright prime lenses 12mm f2, 14mm f2.5, 20mm f1,7, 25mm f1.4, 45mm f2.8 (and upcoming 75mm f1.8) that provide increased light gathering and shallower depth of field on the smaller size sensor. There is a number of good to excellent m43 zooms but none of them is bright, the latest Oly 12-50mm was a huge disappointment in this respect. This compact constant 2.8 aperture zoom starting at 12mm takes m43 system to a new level.It was planning to upgrade from Panasonic G1 and G3 to Olympus OM-D and use my Pentax lenses on the IBIS body but due to the lack of focus peaking and articulated LCD decided that similarly priced 12-35mm f2.8 would serve me better for now and be a better long term investment (especially for lower than MSRP price and promise to ship on July 26 that popped up at Amazon). All-in-one weather sealed compact traveling companion.Received a brand new from Panacam in 3 days! The lens build is excellent, feels a bit hefty (heavier than 45mm f2.8 and 25mm f1.4), m.b. it's just a different balance. Silky smooth zooming and focusing, it extends a bit but w/o any play. Sits well on G1 and, surprisingly, on a smallish G3. It seems the weight is concentrated in the glass and the lens plastic body and G3 body are "floating around" this center of the mass, like on controlled tension tripod head. Great low angle shots with shallow depth of field and ability to change POV on the fly.I don't do video but this should be a terrific video lens for advertising and movie making. Going from longish to wide with constant aperture and shallow DOF w/o need to change lenses/cameras - a dream coming true!Definitely Leica colors similar to 25mm f1.4 and 45mm f2.8 in low to medium light with great color/contrast. It seems that both nano-coated 45-175mm and 12-35mm in the bright sunlight provide a brighter "non-linear" compared to traditional lenses. Get a good ND or CPL filter with it! Good size/grip MF ring.No lens is perfect, any zoom at the shorter end will be less sharp with less even sharpness across the field. If you need the ultimate sharpness (real estate advertising, architecture, landscapes etc) then the venerable 43 Olympus 12-60mm with m43 adapter and manual focusing is your cup of poison. For people who want to draw attention to a central subject these small imperfections are not deal breakers. The charts published on line show that the 12-35mm is almost as good as it gets (Lensrentals mounted on OM-D sample pics compared to Canon 24-70mm f2.8 on 5D MK III and MFT50 peak/average: Olympus 12mm f2 @f/2.8 1000/845, Panasonic 12-35mm f2.8 @12mm 875/710 [960/745 @f4], @35mm 865/760 [910/800 @f4], the complete list is more comprehensive).Cons.Price! It is worth it and comparable with the price of 2 bright primes in the same focal length range but still...The finish is so good that it looks almost like a piece of jewelry (polished titanium ring), attracts unwanted attention.MF ring is rigid plastic and slightly recessed relative to the raised rubberized zoom ring, so the tactile is there (nice touch). I wish they used different textures on the zoom and MF rings for easy tactile identification in the dark (diamond pattern on the MF?) (minor)Not really a con but it is too sharp for a "regular" portraiture (unless you specifically want to emphasize wrinkles etc) at any focal length wide open. Even "worse" stopped down, files are brutally sharp and require PP to keep your clients happy...7-3-2012. Had 2hr on the town with G1/G3 and the lens between 6-8pm. Street shooting with low sun and tall buildings around, high contrast, backlit, low light, candids. Still getting used to the lens but that was 2hr of fun. No way I could have done it swapping 12mm f2 (that I don't have) with 20 1.7, 45 2.8 etc. Was shooting at the right angle and over the shoulder w/o people noticing it :-)