It goes without saying that we've been pretty excited about the Olympus E-P1 (or "digital Pen") since we first laid eyes on the prototype the company was showing off. The Micro Four Thirds camera just seems to breed gadget lust amongst the staff, combining the best of modern tech with a throwback retro style that is somewhat irresistible. Of course, no one wants to drop $800 on a digicam unless it's actually capable of taking a decent shot -- so we thought we'd put the E-P1 through some basic paces to see if this guy is worth unloading nearly a grand on. Read on for some of our first impressions and observations.

Some jerk in the UK went and bought an Olympus PEN E-P1 camera from a store and had to go home and tell the whole internet about it. They even bothered to shoot an unboxing of the little Micro Four Thirds wonder, like we would care.

You might've noticed this already, but for those out there who share our lust for Olympus' E-P1 "digital Pen," but haven't done too much digging, consider this a public service announcement. The retro-chich micro four thirds camera is now available for pre-order from a handful of online retailers, with several different packages to choose from based with various body color (silver or white) and lens color (silver or black) combinations. Looks like it'll still cost you about $750 if you want body only, but really, at this point we don't know why you wouldn't pay an additional Ulysses S. Grant and grab a lens with it. Ready to smash that E-P1 piggy bank a bit early? You've got plenty of retailers willing to help you out there, but don't feel too pressured, there's still a little bit of time to decide before the July launch.

Read - Adorama
Read - Amazon
Read - B&H
Read - J&R

Our brethren on the other side of the world got some quality time with the new Olympus E-P1 Micro Four Thirds shooter -- and we do mean quality. Peep the two read links for samples, especially that second link for endless YouTube vids, including the fun but frame-rate-destroying effect modes.

Read - Hardware hands-on
Read - Video samples

There's much to love about the new Olympus E-P1, but the hip new thing for the DSLR market is video, and Panasonic has already demonstrated with the Lumix DMC-GH1 that Micro Four Thirds cameras are in some ways even better suited to the demands of high quality point-and-shoot video. The folks at Digital Photography Review have some samples up now of the E-P1's video performance, and while we'd like to see how the camera fares indoors as well, the outdoor samples they've posted are very promising. The colors seem just a touch washed out, but there's great motion and clarity, and solid manual controls. It is interesting to note that while the camera does include some built-in effects, most of them dramatically reduce the frame rate -- making them more or less useless. Most unfortunate, however, is the fact that there's no auto focus in video mode, which is where the DMC-GH1 still reigns supreme in DSLR land. Hit up the read link for the videos, or if that's not your style check out the bemusing Blendtec advert for the E-P1 after the break -- it's a real viral meets meta mashup, or something like that.

[Thanks Richard L.]

Update: We've heard conflicting word on auto focus. According to Photography Review's preview, the camera doesn't have auto focus in video mode, but according to the Olympus press release, as Super Marxio pointed out in comments, there is auto focus during recording. Perhaps Photography Review was looking at a non-final version of the camera. We do know that the camera does auto focus using contrast detection, like a regular compact camera, and while that's the same method used by the GH1, DP Review claims it's slightly inferior -- though they did state they were working with a 0.9 firmware.

It's official, Olympus' first MIcro Four Thirds camera is up and dancing upon the global stage. Dubbed, E-P1 "digital Pen" (reflecting the camera's Olympus Pen-series heritage) this MFT shooter aligns with the looks and specs that came our way yesterday in leaked format. In other words, we're looking at an image stabilized (sensor-shift) 12.3 megapixel Live MOS sensor with TruePic V image processing, ISO 100-6400 sensitivity, a 3-inch LCD, 20 shooting modes (5 exposure, i-Auto, and 14 automatic scenes), an SDHC slot, and HDMI TV-out for playback of 720p (1280x720 pixel) recorded video at 30fps. The 14-42 lens kit retracts into the barrel when not in use and Olympus' Supersonic Wave Filter helps keep dust under control when swapping-out the lens for Micro Four Thirds, Four Thirds, or OM lenses. A few advanced previews of the E-P1 are already available -- peep those in the read links below if you can't wait for the July launch or the full-blown reviews due in a few weeks.

Update: Priced at $749 (body only), $799 (with 14-42mm lens), and $899 (with 17mm pancake lens and viewfinder). Honestly, those prices are better than we had hoped for especially in a camera measuring just 121 x 70 x 36-mm (4.7 x 2.7 x 1.4-inches) playing host to a DSLR-sized sensor.

Read -- LetsGoDigital
Read -- DPReview
Read -- Photography Blog
Read -- Official E-P1 product page

It's not scheduled to be announced until tomorrow, but it looks like Olympus' Micro Four Thirds tribute to the classic rangefinder has leaked out onto these here Internets looking every bit as handsome as the top-side leak seen earlier. Remember, we're talking about a DSLR-sized sensor stuffed inside that retro compact body. Judging by the pics of E-P1, we're looking at a stock, 17mm lens with an interchangeable 14-42mm (3x) zoom lens available at launch. One more day and we'll have prices, ship dates, and full spec-sheet to share -- can you wait? 3x lens and few more color variations in the gallery below.

Update: Possible specs accompanying authentic looking images have now entered the rumor mill. Said specs have the camera measuring in at 120 x 70 x 35mm (about the size of a Sigma DP2 or slightly larger than mainstream point-and-shoots) snapping 13 megapixel RAW images and 1280 x 720 pixel video to SD card, ISO 6400 sensitivity, 11-point AF, electronic anti-shake, and 3-inch LCD if we're reading the machine translated text correctly. It's expected to ship in July with prices starting at about $900 -- though it's unclear what you get at that price point.

[Via 43rumors]

No, you're not crazy. Er, you might be, but not solely because you just know that Olympus has already outed a camera with an E-P1 model name. Turns out, the camera outfit decided the shelve that codename and settle on the E-3, but evidently it's time to bust said moniker back out. If the above image is to be believed, the new E-P1 is a Micro Four Thirds shooter, complete with a 17mm f/2.8 lens. Only time will tell if this thing's really on the way out, but considering just how infatuated Olympus seems to be with MFT, we wouldn't be shocked to see it get the official seal of authenticity here soon.

Update: Seems Olympus is having some kind of Micro Four Thirds announcement on June 16th. Wonder what that could be for? Thanks, Howard!

Momma always said you couldn't have your cake and eat it to, and we suppose it's just about time we stop resisting and just believed. Olympus' decidedly compact E-450 was recently reviewed over at PhotographyBLOG, and while image quality was satisfactory for a camera of its stature, it was indubitably missing a few key ingredients. Most notably, the inexplicable lack of image stabilization and the inability to handle video were lamented, and the rudimentary 3-point AutoFocus was called "frankly obsolete for a 2009 model." Indeed, critics pointed out that the E-620 would likely be a far superior choice for those who didn't mind the additional weight and cost, but even if the E-450 was at the top of your budget, we didn't really get the impression that it was a surefire winner. Check the read link for the full spill.

Panasonic's Lumix DMC-GH1 has already shown off its visual prowess a time or two before, but the eagle-eyed photogs over at DPReview have finally hosted up a cornucopia of sample shots and videos for those still unsure if a Micro Four Thirds camera is right for them. And hey, even those cats obviously understand a little tongue-in-cheek humor, wouldn't you say? Tap the read link for the full array of goods.

It's been a long, winding road to get to this point, but we've finally got Panasonic coming clean and telling us a little of what we already knew and lots of stuff we didn't regarding its Lumix DMC-GH1. The hotly anticipated Micro Four Thirds shooter is indeed getting priced at $1,499.95 when it lands in the US in "early June," and that MSRP will include the LUMIX G VARIO 14-140mm/F4.0-5.8 ASPH/MEGA O.I.S. lens. Speaking of the lens, it'll boast a silent motor and continuous auto focusing (AF) capability for HD video, a feature that's sorely (sorely!) lacking from video-capable DSLRs. The cam will ship only in black and will capture video in AVCHD 1080p/24p (or 720p/60p) form, and Panny also tells us that users can adjust shutter speed and control aperture during motion recording. Can you say: "want?"

Granted, this was totally expected, but we can't possibly be more excited to see such a peripheral emerge before the Micro Four Thirds segment even has a chance to blossom. Cosina, parent company of Voigtländer, has just introduced a new adapter which aims to make Micro Four Thirds cameras (you know, like Panasonic's Lumix DMC-G1) compatible with a slew of existing Voigtländer, Leica and Carl Zeiss lenses. Unfortunately, we're told that the device is mechanical only, which could cause issues with some of the more advanced features that require tight knit camera-lens communication. Head on past the break for a full list of suitable lenses, and feel free to ping your favorite Japanese importer with a mailing address and at least ¥19,800 ($205).

[Via Wired]