Only if and when the G7 body is upgraded to a Lumix body with IBIS, the mk2 lens is then capable of 'dual IS', combining both the lens and IBIS at the same time. The problem with buying the Mk1 lens is it is but one body upgrade away to the G80 or similar, so mk 1 lens values might reduce somewhat. But of course, the extra outlay for a Mk 2 is currently substantial.