Yup, that's my take on it. The E-PL1 came out after the other two received some criticism for being too expensive. The 35mm focal length factor is X2. The 20mm Panasonic has the same field as a 40mm on FF 35. I have a 40mm f1.7 on a Canonet QL17 from decades ago and it's a delightful FL. Walked around London with it in 1978. Get one - image quality is great. ________________________________ From: Bill O'Connell <woc2@xxxxxxxxxxxxx> To: nikonf4@xxxxxxxxxxxxx Sent: Fri, November 5, 2010 11:50:54 PM Subject: [nikonf4] Re: Olympus E-PL1 So basically the features ‘missing’ are not all that important if using it as a 2nd camera? In 35 speak, is the Panasonic a 20 or 40? I may have to look into this for me :-> From:nikonf4-bounce@xxxxxxxxxxxxx [mailto:nikonf4-bounce@xxxxxxxxxxxxx] On Behalf Of Dave Sent: Friday, November 05, 2010 11:43 PM To: nikonf4@xxxxxxxxxxxxx Subject: [nikonf4] Re: Olympus E-PL1 E-PL1 is the value leader of the three. Same sensor, same processor, and a pretty useful flash that can fire the remote flashes and use iTTL in the process. A little more polycarbonate in the body, but it doesn't feel plasticy. I enjoy mine a lot, with the adaptor that takes the full-size 4/3 lenses. The one thing I don't like is that the eye-level EVF is too expensive. One of Panasonic's lenses is a winner, the Leica-formulated 20mm f1.7 in Micro 4/3. ________________________________ From:Bill O'Connell <woc2@xxxxxxxxxxxxx> To: nikonf4@xxxxxxxxxxxxx Sent: Fri, November 5, 2010 11:34:57 PM Subject: [nikonf4] Olympus E-PL1 Friend looking at the Olympus E-PL1 and asked about it. Staples has a package with backpack, 2nd battery, some software for $550. Went to the Olympus site and see about it and there are 3 version of the P series. Differences are not obvious on their site, anyone here know???