Just a quick comparison. Both camcorder were set on neutral picture style. Pansonic all on zero, gamma HD-Norm and color matrix to norm-2. The canon was set on picture style: off.
https://vimeo.com/48509479
The panasonic was set averall to zero.Gamma was set on HD-norm and color matrix on norm 2. The canon was set on picture style off.
http://youtu.be/-3FlbiSgmA8
or for download on Vimeo:
https://vimeo.com/48509479