The camera is tiny and weights nothing. The lens is fairly fast, covers excellent range (24-90mm) and image stabilization works well . The flash can be set to rear-curtain sync to make perfectly exposed portraits in front of a landmark at night. But most important you can shoot in raw format. With the little help of Lightroom you can easily get very decent pictures.
In Florence I didn't feel well enough to carry heavy Canon gear with me, so 100% of pictures were taken with LX-5. Some of them:
Pull Love. One of my favourite.
Thanks for looking,