I was ready to plunk down my $1300 for an E-M5 then I started thinking... Backstory: I have a 7 year old with some interest in photography. So I gave her an old Canon P&S (A630) and told her if she took care of the camera and did well in school I would buy her a camera at the end of the school year. So, the end of the school year is rapidly approaching and she is doing very well (tough to screw up first grade), and has taken good care of the A630. What I'm now looking at is a GH1 for her. She likes fully articulating screen (lots of self portraits and vids of herself) and viewfinder, and she prefers the DSLR styling, as she knows my DSLR is the "good" camera. Thinking maybe the Oly 14-42II (which I already have) + the 40-150. I'd go with an E-PM1(have) + 14/2.5 (have), 25/1.4 and 45/1.8(have). We could then easily switch lenses and/or bodies as needs dictate. If/when I decide to go for the E-M5 it would just be a straight addition. I'd be set for lenses, and would keep the E-PM1 as a pocket cam (and try to get my wife to use it instead of her P&S). Any logic to that? I know it runs contrary to conventional wisdom, as I am likely sacrificing some quality by forgoing the E-M5 for now, but honestly I don't imagine I'll even notice. The only monkey wrench that I really see is my daughter not wanting to share her GH1 . One of the reasons this all makes sense to me is to have that camera on hand for video, and to shoot MF lenses. That is not what the E-PM1 is made for. Thanks (mostly for "listening").