I just purchased a new Olympus EPL-1 body only. It is a very beautiful camera, but that is coming from someone who knows very little about cameras and photography. I want to delve into photography as maybe a hobby, but have a very limited budget. Considered buying an entry level DSLR, but in my search stumbled onto the micro four thirds system. Not sure if I made the right decision to go micro four thirds rather than DSLR, but for now that is the route I have chosen. The EPL-1 has been around for a while and the price has come down. Many people think it is the best bang for the buck at this time and is the reason I purchased. The only cameras I have ever owned are small point and shoot. The one I have now is a sub-compact Polaroid and I have been very happy with it. Easy to carry and in my opinion gives good photos. It has been well rated by many users. However, from what I have read there are better pictures to be had from cameras with bigger sensors than the small point and shoot. Plus I would like to learn more about photography. I need to buy my first lens. From everything I have read, the Panasonic 20mm is a must have lens and probably should be the first lens anyone should buy. However, the price range at this point is $400 to $500 and even higher which is way out of my budget at this time. I have narrowed it down to two lenses. The Olympus 14-42mm II (second generation) and the Panasonic 14-45mm. The Olympus I can get for $150. The Panasonic $272. The Olympus is more in my price range, but willing to maybe buy the Panasonic if it is worth the difference. Supposedly the Panasonic is a little bit better, but some think choosing either would not be a wrong decision. Two questions: Is the Panasonic worth another $122? Should I consider another lens rather than either of these two? Thanks.