I found this over at dpreview and thought it might help. You might also want to look at the reviews of the new E-5 if you already have Olumpus lenses. It's High prices but said to finally get the best out of Zuiko SHG Glass. E-PL1 vs E-P2: Key differences Although the EPL-1 is a less expensive camera than the E-P2 that sits above it, it doesn't give much ground to its big brother in terms of specification. The biggest differences are the more compact-camera-like interface (and loss of control dials), the simplified construction, less sophisticated image stabilization system and the addition of the built-in flash. a.. No control dials vs. 2 on the E-P2 b.. Built-in flash (external flashes only on E-P2) c.. Mainly plastic body with aluminium skined front (Stainless steel and alloys for E-P2) d.. Image stabilization with claimed 3 stop benefit, vs. 4 stops for E-P2 e.. Direct record movie button vs. movies as position on E-P2 mode dial f.. Mono mic with option to add stereo using adapter vs. built-in stereo mics g.. Maximum shutter speed 1/2000th sec, vs. 1/4000th. DonR