UPDATE: The Theta Z1 is real, not a hoax. Here is my preview of the Theta Z1.
Nokishita Camera, a camera rumor site, has posted supposed photos and specifications of a new version of the Ricoh Theta called the Theta Z1. Nokishita rated the rumor reliability as “B”.
According to the specifications posted by Nokishita, the Theta Z1 will supposedly have a 1-inch sensor, which would be incredible if it is true given the relatively slim profile of the posted photos. Nokishita also claims that the lens will have a variable aperture. To date, no consumer 360 camera has had a 1-inch sensor nor a variable aperture.
I’m going to look for more information to determine whether this is true. In the meantime, you can check out Nokishita Camera’s post here.