I haven't seen this camera but I've read two hands on previews of it. It looks like a cross between the fixed lens Olympus Pen cameras and the Olympus Pen F/FT half frame SLRs. However without an eye level viewfinder I would think that it's use with even moderate telephotos would find it's ergonomics significantly compromised. Even with short and normal lenses having to hold the camera a arms length to compose is going to make the image stabilization system work overtime. It looks to me like an expensive retro toy more than a serious camera. Olympus hopes to sell a metric boatload of them, but I doubt that the proportion of photographs made to units sold will be nearly as high as for any decently designed DSLR, or the Panasonic Micro 4/3 offerings. Though on the bright side in about 20 years there will probably be a bunch of nearly pristine examples of this camera for collectors to snap up.

As an aside I haven't received the original post sent from Boris, (and I checked both my Spam folders the one on gmail's server and the one in my client. Gmail won't let you turn off their on server spam filters which necessitates that I log into their web interface now and then to make sure that nothing important got stuck there, kind of a pain but hey it's free).

Adam Maas wrote:
Overall it looks like a mixed blessing. Nice and small, good design
layout, in-body IS, but a mediocre LCD display (inferior to the G1's
460k screen) and the AF is quite slow (unlike the G1's). I'd strongly
suggest looking at the slightly larger G1 instead given the identical
cos (both are $799USD with the small kit lens).

-Adam

On Tue, Jun 16, 2009 at 4:23 AM, Boris Liberman<[email protected]> wrote:
http://www.dpreview.com/news/0906/09061601olympusep1.asp

Hopefully this is not old news. Personally, I think this would be a
good camera for Galia and me as well. Suddenly I realize that I could
use great many interesting lenses on this camera (with certain
limitations such as 2x crop factor). Nonetheless, this year seems to
be significant w.r.t. new interesting introductions by major camera
manufacturers (new FF DSLRs, Pentax K-7, and now this Olympus camera).

--
Boris

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