Hi everyone, I've been reading threads on this forum for weeks now trying to gather as much information as I could before making my camera purchase. I really think I have been over thinking this so I just need to ask a few questions so that I can buy a new camera once and for all. I have been wanting to upgrade my p&s camera for a long time, but being on a student budget limited me for a long time. I wanted to get something that would provide me with the best image quality for a reasonable price. A full size dSLR was out of the question because I would not be willing to haul it around to casual social events. After pondering over this for ages I decided upon either a m43 camera or a high end compact like the Olympus XZ-1. I know this is a m 43 based forum but I hope someone can provide me with some unbiased answers to the questions i have. My questions: 1 - How would low light pictures (by low light i would say something like in a bar, lounge, or banquet hall reception) compare on the XZ-1 to the E-PM1 with the included 14-42mm lens? The XZ-1 has f1.8 capability, but people in various blogs and forums say that the larger sensor size of a m43 camera makes up for the difference and that f1.8 on an xz-1 is equal to f3.5 on a m43. 2 - How would low light pictures compare from the two if the E-PM1 had the Panasonic 14mm lens attached? I figure I will soon get the 14mm lens if i choose the E-PM1 but the Panasonic 20mm 1.7 lens is a bit too pricy for me now 3 - People say that the XZ-1 has a bright lens all the way through its different focal lengths. Does this mean that it would take better pictures than the E-PM1 at 42mm? How about if the E-PM1 had the 40-150mm lens? 4 - I read a brief comment by someone on another forum say something like a picture from a m43 camera that is cropped/magnified in photoshop would be equivalent to a zoom picture from a camera like the XZ-1 - is this true? 5 - Finally, can the E-PM1 take good macro pictures with the kit lens equivalent to the beautiful pictures the XZ-1 takes on super macro mode? I hope my questions aren't too silly so please forgive me as I am still learning a lot about all of these different types of cameras out there. Currently Futureshop here in canada has a sale on the E-PM1 for 399 so I figure I should cash in before the sale is over on Thursday.