Olympus first introduced the OM-D E-M5 a few years ago to photographers that were eager for a compact interchangeable-lens camera that felt as powerful as they knew these cameras could be. Two years later we're getting a great OM-D at a price we can actually afford.
Meet the Olympus OM-D E-M10. It's got the spectacular 16-megapixel micro four thirds sensor first seen on the E-M5, plus the extremely capable TruPic VII image processor introduced last fall on the the awesome E-M1. That's a lot of guts, so the biggest question everybody's going to lob at me is how much does this little guy cost, so I'll tell you right now that unlike its $100o-plus OM-D siblings, the E-M10 will cost $700 for the body alone and $800 bundled with a 14-42 mm f3.5-5.6 II lens. Though that's not exactly cheap, it's a lot cheaper than before.
The E-M10 has most of the standard features you'd expect (Wi-Fi, HD video recording) and others that are impressive for cameras in this class (excellent 3-axis image stabilization and a max standard ISO of 25,600).
So what's the catch? the E-M10 lacks the lovely, robust exterior controls found on the E-M1, but it's not skimpy hardware, either, boasting a button and dial scheme comparable to one of Olympus' dope PEN cameras. The E-M10 has the same 1.44 million dot EVF as the E-M5, plus a tilting LCD, and even a slightly better grip, despite its better size. The main drawback, is that the E-M10 doesn't have a hardcore weather-sealed body.
Overall, we're looking at an awesome little shooter here. As always, I'll note that any compact interchangeable-lens camera doesn't make sense unless you're actually going to buy glass for it. If not, go for the great Sony RX100 cameras. But if spending less than $1000 on something that you can swap lenses on part of your plan, it's going to be hard to argue with the E-M10. [Olympus]