The rumored lx8 lens has a full frame equivalent of 24-90mm f/5.5-7.7.Tomato Potato. I know that you know what I mean, but for the sake of pedantism let me rephrase that by asking if there is an m4/3s lens that I can slap on a GM1 that will give me the same attributes as the rumored lens on the rumored LX8? And by attributes I mean effective range, size, speed.
The only m43 lenses that come close in terms of size are:
The panasonic 12-32 with a full frame equivalent of 24-64 f/7-11.2;
The panasonic 14-42 with a full frame equivalent of 28-84 f/7-11.2;
And the Olympus 14-42 with a full frame equivalent of 28-84 f/7-11.2;
So even if both the focal length and aperture are converted to full frame equivalent, your conclusion holds that a similar lens is not available for m43. The rumored lx8 would therefore allow shallower DOF at all focal lenths, and assuming equal sensor efficiency, also better high iso noise performance.