Panasonic LS5 has a
14.0MP 1/2.3-inch (6.08 x 4.56 mm ) sized CCD sensor . On the other hand, Olympus 7010 has a
12.0MP 1/2.3-inch (6.08 x 4.56 mm ) sized CCD sensor and features TruePic III processor.
Below you can see the LS5 and 7010 sensor size comparison.
Sensor Size and Resolution Comparison image of Panasonic LS5 and Olympus 7010 Cameras
Panasonic LS5 and Olympus 7010 have the same sensor sizes so they will provide same level of control over the depth of field when used with same focal length and aperture. On the other hand, since Olympus 7010 has 18% larger pixel area (2.35µm 2 vs 1.98µm 2 ) compared to Panasonic LS5, it has larger pixel area to collect light hence potential to have less noise in low light / High ISO images.
Sensor size sets the circle of confusion, so it drives how much depth of field each
of these bodies gives you at a given aperture. You can calculate it exactly for the
Panasonic LS5
or the
Olympus 7010 ,
including hyperfocal distance.