I took delivery of a E-P5 a few days ago with the 17 kit and the 45 1.8 for $1,800. This is my first venture into the m4/3 world. My dealer was nice enough to give it a go and see how I like it before I commit to a full purchase. From first impression, I like the build, it's solid and not too heavy. The EVF is excellent but not as big a selling point for me since I'm used to and sometimes prefer rear LCD composing so I can keep an eye on my daughter. The flash triggers too easily and I don't see myself ever using it since it doesn't bounce. The 17 is excellent and gives me approximately the 35mm FoV that I'm used to (used to shoot a RX1 and a NEX-6 with Zeiss 24) and the 45 would give me a nice portrait lens to shoot. Of course I would have to swap lenses more often with this setup but the 17 would stay on the camera on a 80/20 split. Conversely some of the advantages of the E-P5 don't really apply to me so much. Again the EVF is very nice but I think I'll use it when I need precision focus or framing otherwise I could just use the LCD. I'm used to composing on the screen and I like to keep one eye on my daughter, so I could see it spending less time on the camera. Wifi is not a necessity for me either, as I'm almost never more than 1 day away from importing and processing my images. Photo Story mode is really neat and my wife really likes the results from it but I could accomplish something similiar in post if I wanted to and it shouldn't be the main reason I keep the E-P5. Handling is ok, not great, but better than the RX1 I used to shoot with. The 2x2 is really nice. Wifi shooting is too limited (iAuto only) and the time lapse is too restricted (99 frames). Of course these last 2 could be remedied in future firmware updates. It may sound like I don't like the E-P5, don't get me wrong, I really like it. It just seems like a few tweaks here and there and it could be one of the best I've used. What's throwing me is that he called me this morning with another deal. He offered me the OM-D E-M5 with 12-50 kit, the Oly 60 Macro, and the PL 25 for the same price that I paid for the E-P5 kit. I'm considering this because it's a little bit more flexible at least on paper. The 12-50 generally seems to get negatives because of the slow maximum aperture at the long end (6.3) but it would be used exclusively outdoors when I needed the extra reach, give me some zoom flexibility, and I would not have to worry about using in light rain. The Oly 60 would be nice to use as I'm starting to get into more macro photography and it's weather sealed as well so a nice combo with the EM-5. It could double as a portrait lens a little in a pinch. And the PL25 would be my indoor/low-light lens and general walkaround lens. The body is not new but factory refurbished, with a 1 year warranty from the dealer. This would be the same $1,800 price. After thinking about it last night while in my sleep (yes I do think about cameras in my sleep) I'm starting to think that the E-M5 package would be the better choice because of the greater flexibility in lenses (fast prime, macro, and general lens). Also the resale value on the E-M5 wouldn't be that huge a hit if/when I decide to get the OMD Pro (the body w/kit would be $899, so if you give a conservative estimate of $200 for the kit lens, the body price would be $699, I think I could get at least $450, if not more if I decide to upgrade). And finally a big one is that there is a RRS L-Plate for the E-M5. I have a Gitzo tripod and a RRS ballhead that I spent a good amount of money on for my other systems and after emailing RRS they said that they were most likely not going to make a dedicated camera plate for the E-P5 because demand isn't there. Being that the E-P5 is at its high I could see the resale value being really bad once they start dropping the price on it (m4/3 cameras with a few exceptions seem to go on fire sales more than other systems), while the E-M5 could see a price drop, it has already gone through its older generation price drop. Sure I could sell the EVF which would lower my cost about $200 but part of the appeal of reselling the E-P5 has to be with the EVF, body only it's less attractive. I'm looking to make a decision ASAP as I don't want to take advantage of my dealer and told him that I would make a decision by the middle of next week. I know that I could wait until the next OMD is out, but if the specs are right I could sell whatever camera I have now and just buy the new one. I don't want to be without camera for too much longer as I have a few getaways planned in the upcoming weeks. Assume that I have no camera/lens right now and I need to pick one of the 1 packages. To recap for the same price. 1. OM-D E-M5 with 12-50 kit, Olympus 60 Macro, and Panasonic Leica 25 1.4 or 2. E-P5 with 17 1.8 and 45 1.8 Sorry for the long read and I appreciate any input.