The reviews and previews (and test images) I've seen look very promising. Even more resolution (possibly getting close to Canon's 18MP APS-C models) and better ISO performance than my E-PL1. Alas, the my E-30 is as big as I personally want so I'll just have to drool while I wait for their latest image processing to trickle down to something smaller. And the E-5 is a JPEG shooters dream to boot.
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Neil
http://www.behance.net/brosepix