The Olympus E-P1 is the new micro four thirds Digital camera from Olympus, and is the world’s smallest digital camera with changeable lens, it features the same size sensor as other Olympus Digital SLRs (meaning much better image quality with all the low-noise benefits of a DSLR), but with a camera body and lens size much more in like with a compact point and shoot such as the Canon G10! It will be available with a compact 17mm lens (34mm equivalent), and 14-42mm 3x zoom lens (28 – 84mm equivalent). More pics at Engadget. The camera will feature dust reduction, a 12.3 megapixel live view sensor, SD card support, 720p video recording (1280×720), 3″ screen and ISO6400 (source). Update: Full details now on DigiCamReview.com
