I saw one this week and were surprised at just how good it looks with the matching black pancake lens and black color flash, makes a huge difference. What I found especially cool looking was the matching lens with the fancy lens cap. I had a few Panasonic bits of pieces like the 20 mm 1,7 lens and the 14 - 45 Panasonic kit lens plus an older G1. My son has the 17 mm Olympus pancake that is similar to the one in this all black version. I tried the 20 mm versus the 17 mm a number of times to see if I see any significant differences in image quality. The verdict is all the Panasonic gear is going and in the future I will only support the Olympus brand. Apart from the fact that I see no real difference between the lenses I was also not excited when I learned Panasonic does have a higher resolution sensor when the E5 was launched. I think it was a great move from Olympus to raise the bar in terms of what they pumped out the existing sensor. I am sure nobody expected one can get as good results out the 12 MP sensor as what Olympus did with the E5. I am sure we will see some really exciting partnerships in the future plus more interesting technologies from Olympus.