While an entry-level DSLR has its time and place, Olympus is focusing its attentions on its PEN series of micro four thirds camera instead, according to Toshiyuki Terada, the product manager at SLR Olympus Planning department. "We do not have concrete plans to replace the E-620 and other recent SLRs. The entry level SLR class can be completely replaced by the Pen system in terms of performance."
While Olympus will continue making high-end DSLRs for now, the death knell has been sounded, with Terada saying that in the future, Olympus will only be making micro four thirds models (and compacts, presumably), though they "do not know when this will happen." [Fotopolis via Photo Rumors via Photography Bay]