I don't what it is about Olympus viewfinders, I've had a VF-1, two VF-2's and just got a VF-3. So I thought I'd share a few thoughts about the VF-3. By the way, I'm down to just this one finder now. My current m43 camera is an E-P2, old by m43 years, but it still works well for me. My first question was what functionality it would have with the E-P2's previous firmware, being aware that the current 1.2 is for use with the VF-3. I plug the VF-3 in and nada, zilch, nothing happens. Out comes the USB cord and after 5-10 minutes of firmware updating, I plug the finder in again and we have an image! My opinion? The VF-3 is not too shabby. As the magnification is less than the VF-2, the image in the finder is a little bit smaller but still looks good to me. Easy to see the entire frame with glasses. Polarized sunglasses did not work for me with the VF-2. They seem to work with the VF-3 shooting horizontal. Shooting vertical with polarized sunglasses brings out some color distortion but not as bad as with the VF-2. YMMV, polarized sunglasses will vary. The locking feature is a plus and is so simple I wonder why it was not incorporated originally in the VF-2. My brother also had two VF-2's - his first one popped off somewhere in Chicago. I had a VF-2 come off in my camera bag (the rubber eyepiece fell off later) so I'm happy with the lock. I wonder if the VF-3 might have been designed with the XZ-1 and lower echelon of Pen's in mind to offer an EVF that was less expensive. As far as looks the silver finder probably matches up better with silver or white bodies. The silver finish is probably paint and if you don't treat is nicely, it will likely wear as my brother's E-PL1 did. But nothing wore as easily as the black paint on my Hasselblad X-Pan. But that's another story... Though it's a tiny bit shorter than the VF-2, it looks taller on my camera than the black VF-2. The black eyepiece is firmly attached to the back of the finder and does not pop off like the one on the VF-2. The diopter knob is overdone IMO and could have been smaller and less noticeable. After all, how many times does one need to set a diopter? What's better, the VF-2 or VF-3? Spec-wise the VF-2 shines, just look up the specs at Oly's web site and compare. I think that the VF-2 image looks a little better, but after looking through the VF-3 for a little while I don't notice it. For my use as a travel/hiking camera, I think that the VF-3 fits the bill for me. It's secure and the eyepiece won't fall off. Future plans call for an EP-3 and I hope to hear how the finders work out on the new Pens. Should you get an EVF? I'm a viewfinder shooter and have used a finder on all of my cameras for decades and have never owned a point and shoot without a finder so I'm probably not the person to ask about shooting m43 wihout a finder. IMHO it just don't work right.