UPDATE:
I had my official "Moment of Truth" this weekend with the new camera!
I'll let the pictures speak for themselves!
My old Canon PowerShot SD 1100 IS
My brand new Panasonic Lumix DMC-LX5
My old Canon PowerShot SD 1100 IS
My brand new Panasonic Lumix DMC-LX5
The pictures were shot it the Intelligent Auto mode because I still haven't had time to read the manual and play around with the different settings. I'll post more pictures once I discover which setting works best in my settings; although I do not know how they could get any better!