Olympus has just made an offer that may be too good to refuse for those who couldn't afford the $1,000-plus OM-D EM-1 or EM-5 mirrorless cameras. It just launched the much more compact, but equally good-looking OM-D EM-10 Micro Four Thirds model for $700 (body only) or $800 with a 14-42mm f/3.5-5.6 kit lens. For that, you'll get many of the features from the higher-end cameras: the EM-5's 16-megapixel sensor with the TruePic VII image processor from the EM-1, 25,600 max ISO, built in WiFi, a 1.44-megapixel electronic viewfinder from the EM-5 and 8fps high-speed sequential shooting with 81-point AF (or 3.5fps with continuous autofocus). Unlike the EM-5 or EM-1, there's only 3-axis image stabilization instead of 5-axis, and the body also lacks the weather sealing of its pricier siblings. To go with the new camera, Olympus also announced another 14-42mm f/3.5-5.6 power zoom lens that shrinks to nearly pancake proportions for $350, and a lightweight 25mm f/1.8 lens for $400. If less weight, less money and only slightly fewer features are sounding good, it'll arrive by the end of February -- check the source for more.

Update: The article originally said the OM-D EM-10 had the EM-1's sensor with no optical low-pass filter. In fact, it has the EM-5's sensor and the image processor from the EM-1. The post has been updated to reflect that.