I got a PM about the Panasonic, and did some digging, and as far as I can tell, the new G3 won't come out for a week or two, and the older G2 has been discontinued. It's still available in some places. Amazon has a black G2 with the 14-42 for $500 (from Samy's Camera, a reputable shop.) Adorama has a lot of G2 cameras with various lenses, but none with the kit 14-42. B&H has the red G2 with the kit lens for $500 (and the red makes it different, which might be cool.)
When it comes to electronics, my advice is usually to buy what you need when you need it. One can spend an eternity waiting for the next new shiny thing, and never actually have a camera/computer/cell phone. The G2 is a fine camera. However, in this case, if one can wait a couple of weeks and either pre-order or get lucky at B&H, Adorama, or Amazon, the G3 looks like a good upgrade in terms of image quality.