In a press release, Panasonic said that their new 14-42mm x lens will have better IQ than their old 14-45mm lens and only cost $ 400 which is $ 200 less.
But $400 is not $200 less than the old 14-45!! The 14-45 can be purchased new for about $300. And at one point, prior to the release of the 14-42, the 14-45 was even cheaper. I don't think the 14-45 was ever selling for $600 during any point of its illustrious history.
You're right about the 14-45mm Panasonic lens. I found it at B&H Photo for $ 290 and $ 285 at Amazon. I think the person who told me $ 600 also said they were discontinued and unavailable.
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