The current Olympus PEN E-P2 As you may have read, 43Rumors has learned that there is definitely a new Olympus PEN camera to be announced in June. No one yet has any hard specifications on the camera, but the rumors are starting to pick up. Here's how the new PEN announcement will be timed in relation to past PEN announcements: June 2009: Olympus PEN E-P1 November 2009: Olympus PEN E-P2 February 2010: Olympus PEN E-PL1 January 2011: Olympus PEN E-PL2 June 2011: Olympus PEN E-??? Looking at that timeline, it seems most likely that the next release will be the E-P3. It will have been 18 months since the E-P2 introduction and only 4 since the E-PL2. We may see more than one PEN camera introduced next month, for example a completely redesigned E-P3 and and E-PL3 which is just an E-PL2 with a sensor refresh. Whatever cameras Olympus announces, it's a good bet that they will have the following improvements: New 16MP Panasonic sensor (like the recently announced G3) Faster autofocus system Weaker AA filter than E-P1/2 (similar to E-PL1/2) Improved software (Art Filters, etc) 14-42 II kit lens (same as the E-PL2) I've received two anonymous tips stating that the camera will be a completely redesigned E-P3 and will have an integrated EVF. These are totally unknown sources, so I'm taking them with a grain of salt for now. I would love to see that happen, but I don't expect that it will. Faced with the prospect of making the E-P3 smaller or putting in an EVF, I think Olympus would choose to make it smaller. Until more information is available, I'm predicting that next month we'll see a slightly smaller, redesigned E-P3 with the new 16MP Panasonic sensor and an articulated, higher resolution rear LCD. Possibly at the same time or a few months later, an E-PL3 with the sensor refresh will follow. What do you want to see, and what do you expect?