>>3908926I have the GR II and I don't feel like I'm missing out on anything. On the other hand, IBIS. Worth a consideration.
That being said, 16MP is still enough to do some moderate to radical crops, and the lens is the same fantastic celebration of sharpness on either model.
On a side note, it was a good idea on Ricoh's part to ditch the built in flash. That thing would break after 50 shots anyways, so why include it?