The Olympus E-P1 marks the formal introduction of the Olympus Micro Four Thirds (4/3) camera system in the form of a high-quality, sub-compact digital camera. Designed around a 12.3-megapixel (17.3 x 13mm) Live MOS imaging sensor, the E-P1 enables pro-quality still and video imaging abilities in a small, unassuming package. Along with a new line of compact M.Zuiko Digital lenses, the new system is compatible with all existing 4/3-format fixed-prime and zoom lenses from 7mm through 800mm (114° to 1.5° AOV).
Clad in ergonomically-designed stainless-steel body panels, the Olympus E-P1 takes many design queues from the Olympus Pen F, a popular half-frame SLR that made its initial debut in 1959. But unlike the original Pen F, the E-P1 has the ability to produce vividly-detailed still photographs and HD video with stereo sound, both of which can be enhanced post-capture using the E-P1's advanced in-camera retouching and audio dubbing tools.
Essentially a 4/3-format DSLR minus the prism and mirror housing (hence the smaller body size), images can be composed and edited using the E-P1's 3" HyperCrystal LCD, which features anti-reflective coatings on its surface to enable Live viewing of 100% of the image area under the brightest of lighting conditions. When shooting in manual focus, a 5x magnification of the center of the frame pops up as a focusing aid each time you adjust the focusing ring. (This magnification can be can be manually increased up to 10x)
This kit comes with a 17mm f/2.8 M.Zuiko Digital 'pancake' lens, which with an angle-of-view of approximately 62 degrees (34mm equivalent) and a profile of less than an inch, makes for an ideal travel / daytripping camera/lens combination. Also included in this kit is a matched optical finder, which allows for fast, 'journalism-style' street shooting.
Other features found on the Olympus E-P1 include Dust Reduction technology, in-camera Image Stabilization, which enables low-light hand-held shooting with all 4/3-system lenses, advanced shooting modes, and creative post-capture editing tools.