You have to take your hat off to Olympus for getting so much right with its first Micro Four Thirds camera. From the stylish, retro design to the top notch image quality this is a camera that, unlike so many we see, pretty much completely lives up to the hype surrounding it.
Excellent resolution; tons of detail in the shots; Appealing; bright and punchy out of camera results and well optimized JPEGs; Very clever collapsible kit lens that's small; but offers decent quality; Unique retro design puts SLR quality into a compact body; Good high ISO performance up to ISO 3200
Slow focus requires a more considered approach to shooting; Some highlight clipping (and poor dynamic range at ISO 100; Low resolution screen that's hard to see in bright light; No viewfinder; No built-in flash (and the optional flash is expensive and pretty basic; Complicated menu system not that