Today Olympus announced two new Olympus PEN cameras, the E-PM2 and E-PL5. Many of us were waiting to see whether Olympus would include the Sony-made OM-D E-M5 sensor in the new Pens, and there will be no disappointment here: both the E-PM2 and the E-PL5 use the E-M5 sensor. Both also feature the improved autofocus system from the OM-D, whereas neither Pen offers the 5-axis image stabilization of that camera. The E-PM2 and E-PL5 are nearly identical in height and width to the E-PM1 and E-PL3 respectively. The E-PL5 measures 4.4mm (13%) thicker and 56g (21%) heavier than E-PM2 due to the all-metal body construction and swivel rear display of the former. Like their predecessors, both models use a 3-inch, 460k dot LCD. The E-PM2 has a small fixed grip, whereas the E-PL5 will offer a removable grip with grip options. E-PM2: E-PL5: The flip-type rear display of the E-PL5 has a greater swivel range than its predecessor, going from approximately 170° up to about 65° down, and now offers the ability to flip the monitor up for self-portrait shooting. Both new Pens offer a small, single AF target which can be selected for pinpoint focusing beyond the existing 35-point area selection. Both also add a new art filter, Water Color, in addition to the 11 existing filters (Diorama, Pop Art, Soft Focus, Pale & Light Color, Light Tone, Grainy Film, Pin Hole, Cross Process, Gentle Sepia, Key Line and Dramatic Tone). U.S. Pricing, Availability and Product Configurations The Olympus PEN E-PL5 and the Olympus PEN E-PM2 will be available in October and ship with the Body, Flash FL-LM1, Li-ion battery BLS-5, Li-ion battery charger BCS-5, USB cable, AV cable, Shoulder strap, OLYMPUS Viewer 2 (CD-ROM), Instruction manual and Warranty card. The PEN E-PL5 will also ship with the MCG-4(Changeable Grip). U.S. Pricing / Product Configurations Olympus PEN E-PL5 Body Only Estimated Street Price: $649.99 Olympus PEN E-PL5 Body with MSC M.ZUIKO® DIGITAL ED m14-42mm II R f3.5/5.6 Zoom Lens Estimated Street Price: $699.99 Olympus PEN E-PL5 (Available in silver, black and white). A complete list of specifications can be found at the Olympus website: Digital Camera : Best Digital Cameras : Digital SLR Camera Olympus PEN E-PM2 Body Only Estimated Street Price: $549.99 Olympus PEN E-PM2 Body with MSC M.ZUIKO DIGITAL ED m14-42mm f3.5/5.6 Prime Zoom Lens Estimated Street Price: $599.99 Olympus PEN E-PM2 (Available in silver, black, white and red). A complete list of specifications can be found at the Olympus website: Digital Camera : Best Digital Cameras : Digital SLR Camera The E-PL5 will be offered in silver, black, or white, while the E-PM2 will be available in those three colors as well as red.