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Definitely, mine is able to take up to 5kg worth of weight. Assuming a fully kitted GH2 may only weigh around 3-4kg.

I personally have a Gorillapod and find that there are many scenarios where it is more practical then a full size tripod and can help get shots from perspectives that you just can’t get with a tripod. Not saying that it can replace a generic tripod but the Gorillapod is definitely worth having...