Update: Price is back up to $600. Hope you got one!

Whether you want to step up from your smartphone, or downsize from a budget DSLR, a Micro 4/3 camera offers great image quality in an appealing form factor. If that sounds appealing to you (and it should!), Amazon today has the capable Olympus E-PM2 with a pair of kit lenses for just $349 today to get you started.

This camera is the little brother of my more-expensive Olympus E-PL5, offering the same image quality that Gizmodo loved, with only a mode dial, removable front grip, and (mostly useless) reticulating screen excised. The E-PM2 normally goes for around $450-$500 with a single 14-42mm kit lens, so seeing it for $100 less with a 40-150mm telephoto tossed in is a very nice surprise.

This camera family is near and dear to my heart, so I can personally recommend the Tamrac 3440 Rally Micro Camera Bag to carry your new toy, and the Panasonic 20mm f/1.7 pancake lens if you want to upgrade from the kit lenses with the money you saved. [Amazon]

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