Since the E-M1 was announced I've been through various thoughts and machinations of do I want one, would I benefit from one, etc. I'm thinking now that as good as it is I'm not going to get the E-M1 since it's a lot of money for what I'd gain over the E-M5. I think that I actually want the 12-40mm lens more than the E-M1 body. Notwithstanding that, there are still a number of new features that Olympus has brought out recently that would solve some of the few issues that I have with the E-M5, and that has got me thinking more seriously about the E-P5. While the two cameras share a lot of similarities I've tried to come up with a list of key differences between E-P5 (inc VF-4) and the E-M5 which is as follows E-P5 Pros: - Much better implementation and integration of the small focus box and display modes such as histogram and blinkies - 1/8000 fastest shutter speed - Slightly faster operation and start-up times. - Higher resolution rear OLED screen - Larger, higher resolution, higher quality EVF that is tiltable and removable. - "2x2" control switch - Built-in Wifi functionality albeit camera control limited to iAuto only - Built-in flash unit - Better feeling buttons - The best looking of the Olympus Micro 4/3 bodies and one of the best looking cameras currently available E-P5 Cons: - Not weather-sealed - Louder shutter? - EVF not built-in (given the extra bulk or reduction in rear screen height that a bulit-in EVF creates this is very close to a pro for me) That is everything that I can come up with. Does it sound about right? Is there anything I missed (pro or con)? As it is it makes picking up an E-P5 at the right price seem like a reasonable idea, with finding the right price being the trick of course.