The photography hobby is always more interesting and more fun to me than the camera hobby, no matter what equipment I've got available to use. But since changes in camera technology can occasionally make a big difference in the photography part (not in terms of how you see or what you see, but sometimes in your ability to GET the shot you see), I enjoy staying abreast of the camera part too. I'm not terribly excited about anything new at the moment either, but jeez, within the past several months I bought a new X-Pro and two lenses and a new OMD as well, so I HOPE I wouldn't be lusting after anything else new YET! I'm actually mildly excited to see how Panasonic and Ricoh and the other makers respond to Sony's new RX100 because I've sort of had a love / hate thing with these little all-in-one cameras since I first tried an S90 a couple years ago and I'd love it if the quality of these little buggers is now at the point that its mostly love / love rather than love / hate. But time will tell and if I don't end up getting anything new in a tiny compact, that'll be just fine too.
But in terms of "REAL" cameras, when I first got into digital a couple years ago after lots and lots of film shooting (and processing) in my youth, it took me only a few months to get back up to speed enough to figure out everything I'd like to see in my dream digital camera and what was lacking in what I had available at the time. And both Olympus and Sony have been inching toward my ideal camera over the past couple of years. And, for me, Olympus hit it and hit it HARD with the OMD - it just basically does everything I'd ever hoped for really well and a couple of things I'd have never thought of or dared hope for that I've come to really really like a lot too. Its the whole package for me. So I'm glad I hung in there and checked out all of the new stuff as it came along. And Fuji also grabbed me with their neo/retro Miata approach to the classic film camera with mind-blowing digital image quality and I'm really really glad to be able to have the X-Pro also, but that's kind of purely a "shooting experience" camera that I love on very different terms from the OMD. In terms of what I need to do the kind of shooting I like to do, I can't imagine anything I'd want that the OMD doesn't do with the set of lenses I already own for it. I'd be extremely bummed to lose the Fuji for some reason, but its more about my mental health and having something that's just a totally different kind of fun to shoot with and sort of a reminder of days gone by (the good parts, which for me is an important reality check about how I shoot) rather than something that makes it easier for me to get any given shot. In a way it makes it harder and that's kind of the point. Lots of people see that as a bug and can't stand the Fuji approach as a result - I see it as a feature and love their approach. Sort of the yang to the OMD's ultra-modern ying. Having both keeps me in balance - with only one I'd feel like I was ignoring a big part of my photographic psyche.
So at this point, small cameras and sensor technology has gotten well up to my threshold for more than good enough. Incremental changes going forward aren't as likely to excite me as some of the steps to this point either. But who knows - maybe there's a whole new photographic "killer app" in development out there somewhere that I'd have never thought of that will lure me in after another year or two? I sure didn't see the OMD's IBIS coming and wouldn't have asked for it, but now that's here, DAMN I'm glad I have it and if I hadn't planned to buy the OMD anyway, that might have been enough to pull me in. Same with the ability to fire in manual focus by touching the rear screen ANYWHERE, which is an absolute dream to the street shooter in me. So I'll keep an ear to ground to see what they think of next, but I'm really wanting for NOTHING at the moment and that's a really nice feeling. My gear does everything I'd ever want it to (not being a big time sports or wildlife photographer) and that's a pretty cool thing and its never been true until very recently...
-Ray