Taking Shape -- Panasonic LX-2
Few weeks ago I picked up an LX-2 at the pawnshop. It had no battery, no charger, and a pretty badly scratched LCD screen. It was a risk because I had no idea if it works, but for $30, I decided to take it. Ordered the battery and charger from eBay and they came today. Put the battery in, and it worked!
This little gem is well made and feels quite nice in the hand. The lens is not as nice as the one on the LX-3 or LX-5, but it has a decent range and reasonably fast maximum aperture of f2.8 on the wide end (28mm). The sensor produces 10MP but only with the 16:9 aspect ratio, and 8.5MP for 3:2 and 7.5MP for 4:3 ratio. To me, the only usable ISO is 100 and 200. Anything over that is too noisy. That's the reason I love the NEX-5N. The bigger sensor has its advantages. I like the size of the camera and it can easily go in a large pocket and easy to carry around. I know it will stay in my backpack all the time, along with the NEX-5N. A backup camera, if you will, for the NEX-5N. Since it's so cheap, I don't worry about it being scratched or bumped.
Pomelos -- Panasonic LX-2
In terms of image quality, well, it has a tiny sensor, so even on base ISO, you will see noise but is completely OK if you don't view it at 100%. I am sure it will print fine at 8x10 or even 13x19. The best thing about this camera is that it can shoot RAW, but with one frame buffer (like the Sony R1 I briefly had until I couldn't stand it). Of course you can't really buy a new LX-2, but if you encounter a used one at a low price, it will make a nice backup camera, or even your primary go anywhere camera.