I just got the LX5 yesterday and decided to capitalize on its small sensor's wonderfully deep DOF that, in cases like this, comes in very handy indeed.
There are many times when I'm doing product shots for eBay etc. that need deep DOF and I have a heck of a time getting that with my 5DMkII, even with my m4/3 cameras... I have to stop down so far that diffraction cuts into my sharpness. That's part of the reason why I keep a camera like the LX5 around. For the easy to get deep DOF.
I also bought it to replace my Lumix ZS3, recently sold on eBay, as a "grab n run" handy kinda camera.
GF-1 and Carl Zeiss Planar T* 85mm f/1.4 lens.
Image created with Panasonic Lumix LX5 w/ Leica Vario-Summicron Aspherical 5.1-19.2mm f/2.0-3.3 lens, captured in RAW, PP in LR3 and CS5.