Although I was delighted by the size of my new m43 lenses, I wasn't able to find anything commercially I was happy with to transport them around. I'd been using Lowepro/Tamrac zippered pouches on the DSLR side and was pretty happy with them, but nothing they make was well sized for m43. Everything I tried was too fat and even the smallest sizes were too big for small lenses like the Oly 45/1.8. Plus, individual pouches seemed overkill for such small objects. But I didn't want a standalone bag, I wanted something to throw in my normal backpacks. Then I had an idea. A soft-sided lunchbox is about the right size to hold 4 lenses, already water resistant, and cheap too. I bought a nice bright blue version from LL Bean, which seems to be a bit better constructed than the slightly cheaper ones at Target. This one, if you're curious: http://www.llbean.com/llb/shop/70705?page=lunch-box With some foam scraps I had laying around, it was time for craft hour. Using the pink eggshell foam on the bottom keeps the lenses in place pretty well and should provide plenty of protection on the bottom. This is designed to go inside a larger pack, after all. I decided to add an extra layer of padding around the sides too, to make things really durable. The gray foam is rigid so it adds crush resistance as well. Everything is trim-able with scissors so the fit is quite good. After adding a few spacers, things are looking snug. Here's one loadout, my day short-range hiking and travel kit. Oly 12-40, Panny 25, Oly 45, and Oly 60 macro. Not visible are two spare batteries snuck inside the lens hood of the 25. Love the lens but the hood on that is a bit of an odd design choice :/ And here's the config I'm considering taking to Greece in a few weeks. Swapped the 60 for the 12/2. I'm thinking it could be handy inside churches. I've left the spacers loose for now as I start field trials. If they slide around too much I'll pin them with a toothpick then slather in gorilla glue. Really happy with how this turned out, it feels very sturdy, fits great in a backpack, and has enough padding to take the key role of small-of-the-back-backpack-item. Plus the color is nice, black is easy but it's also easy to set down and walk away from inadvertently. And it never hurts to be less obvious about carrying around two grand in glass As for the camera itself, it fits in at the cost of two lenses. For an ultralight kit I may consider it, but I like the lenscoat body coats; since my camera is usually chest or shoulder mounted, it can get special arrangements.