The video on the gf5 was worse than my iphone 4s. Yeah I know that doesnt go along with the reviews, and it surprised me too, but they just looked grainy. I only ever shot video in mp4 1080 30p, and daylight or indoors, it always looked worse than the lx7.
Here's a video shot on a GF2 (older camera but similar quality of a GF5):
My wife has a iPhone 4S and no way does it match the GF2 that I have in terms of video or pictures. I'm just saying...