I've had the E-PM1 for several months now. After looking around for a bit, I picked up a GF3 kit from Amazon in order to get ahold of the 14-42X lens. Even though on paper the differences don't seem too significant, in practice the difference in size is quite significant. On the whole, I actually prefer the GF3 body to the E-PM1 in terms of handling. It has a nice grip, a well-proportioned LCD and it is actually a little bit thinner than E-PM1, while looking far less ungainly (it doesn't have the protruding mount of the E-PM1). The main difference for me is that the GF3/14-42X will fit comfortable in a coat pocket, whereas the E-PM/14-42IIR will not. I will probably end up selling the GF3 and using the 14-42X on the E-PM1, but for people who don't use Olympus lenses or need EVFs, the GF3X is a very compelling package. Panasonic has definitely one-upped Olympus in the collapsing lens genre. Subscribe to see EXIF info for this image (if available) Subscribe to see EXIF info for this image (if available) DH P.S. In the second image, the items (L to R) are: Panny GF3, Oly E-PM1, Oly 12-60 + adapter, Oly 14-42IIR, Oly 45/1.8, Panny 14-42X and Panny 20/1.7.