Super compact and lightweight; Excellent image and print quality that rivals much more expensive CSCs and DSLRs; Solid low-light (high ISO) performance; Touchscreen LCD responsive and useful once you get used to it; Speedy and accurate AF on still subjects; Tons of advanced shooting features and customizing options.
Maddening menu system; No physical Mode dial; Motion AF not quite up to par; Mediocre HD video quality; No built-in flash (but a small external flash is included).
Cheap as chips (and with a kit lens!); Quality Sony Exmor Four Thirds sensor; Widely-supported Micro Four Thirds lens mount; Good image quality from raw files; Reasonable burst performance for price; 4K video capture.
Poor ergonomics; Controls too easily bumped; Frustrating user interface; Mediocre JPEG image quality; Heavy-handed noise reduction; Unreliable white balance; No raw+JPEG; Buffer is almost nonexistent; Focus confirmation beep happens while still focusing; AF is poor in low light; Laggy user interface in playback; Extreme crop for 4K video; Kit lenses feel cheap; No bundled flash.