Olympus PEN E-P2 Annouced!

Olympus E-P2
Just months after the release of the much-anticipated Olympus E-P1 from its digital PEN series, Olympus announced the release of the Olympus E-P2!
In a nutshell, 12.3MP ultra-compact camera with interchangeable lenses with built-in (4-stops effective) image stabilizer. This new genre of compact 'pseudo-DSLR' have been receiving much attention from DSLR and compact camera users. You can easily spot one around the neck of a hip 'arty-farty' retro-looking young chap in the streets!

Same retro-look with a few spiced up specifications:
New bundled-in box VF-2 high resolution electronic viewfinder allows framing from behind and also top of the camera,
Two new Art filters (Diorama & Cross Process),
AF tracking,
i-Enhance 'colour boost' function,
HD Movie (1280X720p, 30fps) with stereo sound in M Mode.
Black finish

Two new Micro Four Thirds (M4/3) lenses:
M.ZUIKO DIGITAL ED 9-18mm F4.0-5.6 (18-36mm) wide-angle zoom
M.ZUIKO DIGITAL ED 14-150mm F4.0-5.6 (28-300mm) telephoto zoom

At the end of the day, Let's hope it addresses the major complaints from the E-P1: slow AF.

How will the E-P2 compare to the Panasonic LUMIX GF1?
We do know that the E-P1 has better noise control at high ISO compared to its GF1 cousin. We can assume the same for E-P2.

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