Yes it is. Play it back full screen on a regular 24 inch screen and you'll know why.
Somebody said GH1 footage is useless because the codec isn't given enough bitrate. And you answer by posting a low-res overcompressed video. I don't get it?
Looks as good as any other Vimeo compressed footage on a 32 inch 720 HDTV. Really good in fact. And I'm sitting two feet away. From the couch it looks like a real movie. What specifically is bothering you?
I want to be clear here guys that I'm not trying to become a fan-boy, I just feel that the GH1 gets hit with a lot of buzz-words from people who haven't road-tested it. When the 7D was announced, I was sure that it would slay my GH1, which I'd just got. As more footage and evidence as come out, I'm very glad I didn't switch. I've also considered something like an HVX but decided against it. Yes, I would like to own an EX1, and possibly a MKII as well, but in it's price range, I think the GH1 is awesome.