This appears to be a departure from the two companies' traditional camera strategy, which has seen Leica release Panasonic bodies under its own branding, and the Leica SL2, which is effectively a Panasonic S1R.

So, what may this new camera look like in terms of technology? What distinguishes it from a typical Panasonic camera or a standard Leica camera? What size sensor will it use? What mount will it be using?

It's difficult to say how it might differ from each brand's specific cameras. Panasonic cameras are distinguished by video-first features, ergonomic yet big bodies, and a dislike for phase-detect focusing technology. Leica (mirrorless) cameras are known for their sleek style, premium cost, and... well, the same specs and innards as Panasonic cameras.

So, how might a hybrid of these systems look? Perhaps a more slick-looking camera, with a better balance of stills and video performance, and a stronger emphasis on the art of imaging. Please, please, please include phase detect AF.