Interestingly (or strangely, rather) the MFT lenses I tried support continuous AFC only. For example, regardless of whichever position the focus mode dial is in kit lens will always continuously focus. The pancake, when switched to AFC mode orders to switch to AFS mode. However, it will continuously focus in that mode. The "true AFS" mode, as it functions on Oly 14-54 v2,would be very desirable for certain shooting situations, especially if it is possible to refocus by half-pressing the shutter button (I would use external shutter release for that).Here's a link to Panasonic's web page listing four-thirds lens compatibilities in thorough detail:
http://panasonic.jp/support/global/cs/dsc/connect/g1.html
Notice in the third column from the right, "Auto Continuous Operation", none of the four-thirds lenses from either Olympus or Panasonic support AFC during video recording. The listed lens that do support AFC are all micro four-thirds lenses from both Panasonic and Olympus.