Poor man's steadycam

I have one. It works...decently. I ended up paying a bit more than $14 getting beefier pipe. It's not my favorite DIY stabilizer...I prefer handles and shoulder type stuff. I haven't used it with GH1 much...did some tests with HVX about a year ago and it worked ok...I don't think of it as being worth the extra weight necessarily, for GH1 it might work nicely.
 
My friend built the steadicam from "Killer Camera Rigs That You Can Build". It's really nice, and I believe he built it for less than $100.
 
so I'm guessing the cheapest steadicam out there is the poor man's steadicam rite
 
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