Olympus officially announced the E5 last week to much wailing and complaining. It wasn't the super camera that people had hyped it up to be. As people started to settle down they realized that Olympus has improved* pretty much every complaint they had about the E3. The E5 appears to have better high ISO by two stops. Olympus claims they have improved the low light AF as well as CAF. The latter was a big complaint with many users. It has a high resolution LCD basically the same as all the other high end cameras. It replaced Olympus's crappy card format with a SD card slot and added movie capability. 720p, although the only people complaining it doesn't have 1080p seem to be filming their kids at soccer practice. Do you REALLY need that? The AA filter appears to be MUCH weaker. From the (very) few shots we've seen so far the E-5 pulls out a lot more detail then any 4/3s camera to date. It even included a newer bigger battery and the different filters from the E-30 for fun. It still keeps everything that was great about the E-3. Weather proof case, large bright view finder, flash. They did replace the grip that hopefully solves the problems a few people had with the E-3 using it in extreme conditions. Although some are complaining about the price, about $1699 in the US it looks like a very solid upgrade for Olympus shooters. It may not compare feature wise to some of the prosumer cameras in the same price range, but it's build much better and probably uses some better electronics on the inside. On the downside it probably won't convert many people to Olympus. Olympus has said they will continue to make DSLRs for the foreseeable future, but we might not see much in the way of new lenses. Fortunately we really don't much with the current lineup. Olympus thinks m4/3s is going to be the future and they are probably right. It's still 5-10 years off, if not more. *Reviews still pending