Conclusion - Pros
Class leading detail in ISO 100 images, higher ISO performance better than most compact cameras
Resolution is as good as it gets in compact cameras, very impressive for output size
Good dynamic range (though limited usable headroom in raw files)
Very small dimensions for the sensor size
Good lens with only minimal distortion and very few signs of color fringing
Attractive minimalist styling
Good build quality
Usable Manual Focus mode (it's not fantastic though)
Comprehensive range of accessories available (but no conversion lenses)
Powerful RAW converter software included (Sigma Photo Pro)
Battery compartment can be opened when camera on tripod (depends on tripod head though)
Conclusion - Cons
Desaturated and 'flat' JPEG output
Some chroma noise even at base ISO, lots of it at higher sensitivities
Unreliable White Balance (and poor color in low light)
Generally very slow, very long read/write and processing times
Unimpressive shutter lag
Continuous mode only allows three shots per burst
Very slow Auto-Focus
Auto Focus gives up completely very quickly in low light (and there is no AF help light)
28mm fix focal length limits applications (but you know that before you buy)
Lens prone to flare (using the optional lens hood helps)
Red channel clipping
Low resolution screen that is also prone to reflections and smearing
Preview and playback view are both inaccurate (but in different ways)
Low refresh rate results in slightly jerky live preview image
Preview image turns monochrome in low light
Longwinded menu structure, few external controls (plus almost redundant zoom buttons)
Black writing on black buttons hardly readable
Battery life not impressive, indicator not very precise
Underpowered Flash, slightly unreliable flash exposure and slow flash recycling
No live histogramm
No highlight warning in review mode
Image parameters cover only small spectrum
Low quality video recording
Gridlines cannot be diplayed in Manual Focus mode
Quite heavy vignetting at F4
You can't shoot RAW and JPEG (only one or the other)
No macro mode
Highest sensitivity only ISO 800