"We recognize that users are looking for camcorders that capture high-quality, High Definition video, but they also want something lightweight that has advanced, yet easy-to-use functions, " said Chuck Kirkman, Senior Product Manager, Imaging, Panasonic Consumer Electronics Company.

ENGADGET: Panasonic's HDC-SD10 and HDC-TM10 HD camcorders get US price, release date

"The LUMIX GH2 is Panasonic's most professional-level DSLM camera yet, giving users the option to be more creative than ever, from recording video in full HD with cinematic effects to taking 3D photos with our new lens, " said Darin Pepple, Senior Product Manager, Imaging, Panasonic Consumer Electronics Company.

ENGADGET: Panasonic's $900 Lumix GH2 officially debuts: 16MP, 1080p movie mode, 3D interchangeable lens

To counter this, Panasonic president Kazuhiko Tsuga has announced a two-year restructuring plan aimed at turning around its struggling consumer electronics division.

BBC: Panasonic to cut 5,000 jobs in automotive division