I'm going travelling later this year and want a camera capable of taking high quality photos as well as full HD video, as I plan to film. A compact digital camera doesn't offer enough quality for me, and a full-on dslr would be too much to carry everywhere, so I think a micro four thirds is a good compromise, but I'm looking for which offers the best quality video. Any advice?

I really think that you should consider a dslr. a 4/3 camera has a much smaller sensor than dslrs, which mean the quality won't be as good. Most 4/3 cameras costs about the same as a dslr. You should consider the Canon T2i or T3i for video.

Cannon power shot SX40IS, is the best bet.

Go for Panasonic Lumix DMC-GF2

Pros:

- LCD has great color and viewing angles

- Light

- Stereo video

- Hotshoe

- Responsive touchscreen

- Snappy startup

- Dedicated movie button

- Automatic image rotate

- Flash is mechanically released; you can tilt it up for ceiling flash shots, which is nice

- Surprisingly easy to grip (not great, but better than expected for the slim body)

Cons:

- Menus a bit confusing

- Lens is huge (this is excusable)

- Thumbwheel is a bit stiff

- Flash power is okay

Panasonic GX-1 with a power zoom 14-42 if you're looking for compact size and smooth zooming for video.