I don't know that I'd call the meter in the G2 'modern', but it is highly competent. It's basically highly center-weighted off a gray strip on the shutter curtain. In some ways it's even less sophisticated than the Olympus OM shutter curtain metering pattern, which looks like that digital camouflage pattern on modern military uniforms. But it has never let me down in the shots I've taken with it, so I can't complain.