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Sorry if I wasn't clear! I meant that since there are rumors about Leica releasing an SL3-S (which would almost certainly have Panasonic guts, just as the SL3 does) and because there are rumors that Panasonic will be releasing two bodies soon (one of which will likely be the S1R II which puts SL3 guts in a Panasonic body), it's not out of the question that whatever is in the SL3-S will be in Panasonic's S1H II. I'd say that Panasonic sales don't meaningfully compete with Leica sales - both are niche companies and Leica is much more the "luxury" brand. However, if Panasonic release an S1H II, it will be competing with their own S5 II which is already really good (not to mention the original S1H which is also really good). The S1H, when released, was like $4k. At almost 2.5x the price of an S5 II and still more than 2x the price of the S5 IIx, an S1H II is going to have to be a hell of a camera to ship more than a few units (assuming the price stays similar).

Interesting. If the SL3-S uses a newer higher-end sensor than the S5 II, maybe the guts of it could be the foundation of an S1H II. It'd have to be a hell of an upgrade, though, to stand out from the other cameras and their own camera that was released almost 2 years ago.

The SL3-S spec will be interesting because it will show us if Panasonic has been able to get a new sensor supply in their current drought. The Panasonic SL3 has the old Sony 60mp chip, which is slow and has a lot of rolling shutter. It doesn't have the latest stacked sensors of the Canon,Nikon,Sony flagships. Will the SL3-S reuse the same old a7 III / Z6 II / Nikon Zf / S1H / S5 II sensor (with phase-detect enabled)? Or will it finally go beyond to at least a partially stacked chip aka Z6 III? Or will it be something completely different like a Panasonic Organic MOS chip?

I need to stop reading about Fuji GFX100 cameras and checking prices on MPB…