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GH4 has nicer colors, focus peaking, a Monochrome setting to make peaking easier to see, 4K scaled down to 1080p on GH4 is much better than GH3 (hardly any noticeable moire), and the price is so low now, I can't see any reason why anyone would prefer the GH3.  GH3 and GH2 are hardly obsolete though, many filmmakers are still creating excellent work with those cameras. I found the lack of peaking on the GH3 very frustrating, but if you are on a budget, you can probably find one on eBay for around $400. Prices on the excellent GH4 have dropped dramatically as well, to as low as $1,000. 

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