I would think the 29.59min limit will still be in place on European models - its a Tax issue - so I would they will likely keep it and keep the price lower.
I'll be ordering mine from B&H Photo from the states. Will get full 1080p60 still and no limit.
I forgot about that infuriating restriction and it's confirmed 23 minutes into the video Davide linked to. Mine, if I go for it, will be coming from the States.
Incidentally, why was the GH3 never hacked to fix stuff like that?
I'm kind of disappointed that there doesn't seem to be a 1080p60 10-bit 4:2:2 solution with this camera, either in-camera or external. I'm probably being too greedy. I'd go for a RED but I'm all up for the Olympus 12-50mm with switchable macro mode and special Nauticam port, which I believe will suit my style when shooting small stuff. But I guess 8-bit 4:2:0 is less of a limitation for macro, where blue water banding is less of a factor.
Was also hoping Panasonic might do something M43 with internal NDs.