According to 43rumors, you will be able to put a new Olympus E-P2 kit with black 17mm lens and black external flash under the Xmas tree, along with a new 600mm zoom lens, which Olympus says it's the world smallest:
At 15.16 ounces, the M-Zuiko ED 75-300mm f/4.8-6.7 (150-600mm equivalent at 35mm) measures 2.75 inches in diameter and 4.56 inches long. They claim the lenses allows "almost nearly silent HD recording", and will be available for $900. The other new lens is the M.Zuiko ED 40-150mm f/4.0-5.6 (80-300mm at 35mm), which will cost $300.
43rumors says Olympus will announce this gear tomorrow, while keeping the new 12-megapixel Olympus E-5 DSLR, which has the new TruePic 5 processor, 720p video at 30 frames per second and a mic jack. [43rumors]