I saw this over at dpreview: Full size Olympus OM-D E-M5 RAW and JPEG samples to download (Four Thirds User) Here are my comments to that thread about the RAW files: "I opened image number 3(ISO 1600) in RAW therapee. I applied 2/3 push EV(seemed a tad under exposed to me), added a touch of contrast, applied 50 Chrominance and 50 luminance noise reduction...and Wow, was I impressed. Plenty of detail and not a whole lot of noise. I'd say at least a stop or more than my E-PL2. The noise seems much finer than what I've seen, especially the chrominance noise. I took image number 7, applied 1/3 stop +EV, and did 75 on both chrominance gain, and the Image looks OK. Much better than anything the E-PL2 could do. Chrominance noise really starts to rear its ugly head at ISO 6400. Luminance noise isn't terrible, but the coat is a noisy mess, even with the noise reduction. The midtones and highlights look pretty good for ISO 6400, though. The shot I think is slightly underexposed, and would have looked better if the guy was better exposed and the OOF blowouts were ignored. I don't think at ISO 6400 the shadow noise is on the level of the NEX5N samples I've seen." Overall, I think the ISO3200 is quite usable. The 6400 is pushing it I think, but I want to see better exposed shots first. They have the JPEGS there so that still is a good indicator of what the camera can do I suppose.