What model cam is the Cam Pan, vs. the regular v2 and v3 Cam?

I read that the Cam Pan used an older (v1?) model of the camera inside, not the far better v2 (or new v3) model available.

Is this still true? Does the Cam Pan now use the v3 camera and it’s capabilities now?

Thanks.

Pan cam was released after the v2 so I believe it closely resembles the v2, but I’m pretty sure there is a new pan cam in the works, possiblity based on the v3.

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