I've spent about 2 weeks now with my new E-M5, and I continue to be impressed. What it lacks in high ISO performance, is more than made up for in build quality, handling and portability, as far as I am concerned. Sure, better DOF would be great, but anyone who buys into this format looking for this and the high ISO performance of full frame is just barking up the wrong tree. You shouldn't buy an E-M5 if these 2 issues are critical to you. You SHOULD buy it for all the other wonderful things it brings. Such as... 5 AXIS IBIS - This is simply the best implementation of image stabilization I have encountered on ANY system. The results are simply incredible, hand-held down to 1/4 of a second is possible, it just boggles the mind. 9 FPS High Speed Sequential - Couple this with the afore-mentioned IBIS and exposure bracketing then hand-held HDR is only some post processing away. AF Speed - Simply spectacular for a contrast detect system. Better than a lot of phase detect systems out there, and almost as good as some of the really high-end systems on the market. Highlight/Shadow Clipping View - This is simply one the best features of the E-M5. The ability to see this in live view is WORLDS better than any live histogram. This is my preferred view set up, in all modes. This being said, there are a couple of criticisms I have (although I must make clear that these do NOT just apply to the E-M5, but most ALL digital cameras currently in existence). Depth of Focus Scale - C'mon people, this is practically essential, and would be easy to do. There is no reason why a live view camera should not have this appear as an option. 3 Stop ND - Again, really easy for any camera manufacture to build into their system, this is one of the best things about my Fuji X100. Focus Peaking - Don't agree at all with Olympus' opinion that magnification is superior for MF. Give me the option for both. Really not much to criticize, I know. But if the E-M5 could address these 3 issues, then (outside of high ISO performance) this camera would be damn near perfect.