Originally Posted by Kai
The Sony NEX system has nice camera bodies, but the lenses are gargantuan. Having huge lenses on a small body sort of negates the weight/bulk benefit of a compact camera.
The Olympus Micro 4/3 are a better option in my book.
The Panasonic LX5 is also a great pocket camera.
i was thinking this before, but I've since reversed my opinion for several reasons. the NEX system uses an APC-S sensor which is larger than a four thirds sensor. The NEX system did initially suffer from having such a small selection of lenses but it helps prevent lens hording which is generally a pitfall of going for interchangeable systems. And now the release of the Carl Zeiss 1.8/24 for the NEX makes it quite a nice option and great travel focal length
The manual focusing on an NEX is quite luxurious, with the Peking mode available to all systems after the firmware update. The NEX-7 also has a viewfinder built in which makes it quite nice. Manual focusing on even a Panasonic G3 with the electronic viewfinder of highest quality was not as easy in comparison.
And finally, the NEX system, paired with Leica M mount lenses (Voigtlander makes great glass that is a bit more affordable than aspehrical car-downpayment-Leica glass) looks and performs fantastically
A Flickr group dedicated to NEX + M mount : http://www.flickr.com/groups/1448246@N24/
That said, the LX-5 is not a bad pocketable option, though I suspect the 1.8 lens of the oly xz-1 might be better suited to shooting in bright conditions