Well, the verdict is in. I'm keeping the Lumix. I'm very pleased with its overall performance. Pleased enough that I've ordered a small camera case and spare batteries for it! I'm still adjusting to the camera, but practice and use will resolve that issue. Based on my experience with the battery life, the extra batteries will come in handy. The short battery life was the main complaint about camera to begin with. I was able to find affordable batteries and a compact camera bag through Amazon.ca.
I think it will be a perfect bridge between my iPhone and my DSLR, with better quality than my phone and a smaller footprint (MUCH smaller) than my DSLR.
Time will tell if I invest in any additional lenses. I'm thinking a pancake lens might be a good addition eventually, and my favorite third party lens make, Rokinon, also makes M-4/3 lenses too. So, who knows? Regardless, you'll no doubt see more images shot with this camera as my travel schedule picks up. I likely won't call it out as obviously in the future, though.