I love the “it doesn’t have a __mm f/1.x prime, so therefore it’s useless” comments. Disregarding the obvious (fast glass costs money; if they offered fast primes, there’d be a chorus of “nice but too expensive” that dogs every fast 4/3rds prime), everyone’s got needs and the camera may or may not hit those. Olympus is shooting for a wider audience than the photo dorks of the world, who like to howl every time their pet feature isn’t met. I think it will be modestly successful — look at how the vaporware Samsung APS-C mirrorless compact announcements are cleverly timed to steal thunder from u4/3rds — but most people won’t understand why they need to spend more than Canon G10 money to get one.
Plus the E-P1 + 17mm f/2.8 is a lot smaller than my E-1 + 11~22 f/2.8~3.5, and the lens is faster, to boot. It happens to have hit pretty much every thing I need. If they need to up-sell the little pancake, they can say that the double-Gauss design is close in concept and execution to the pre-ASPH Leitz Summicrons (Mandler-designed Midland lenses).
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