Olympus released the a new PEN to its series this week, the EP-1 and it looks very impressive. The only draw back is, it does not have a built in viewfinder and flash nor come with a flash, you have to buy it as an accessory. The camera does comes as a kit including the camera, viewfinder and a 17mm f/2.8 lens. Priced around $799.99 (Amazon.com). Basic specifications: 12.3 megapixels, HD video capture, 3 frames per second (continuous shooting), 3″ LCD screen. For more complete specifications click here.

Available in two colors: White with a beige grip or silver+chrome with a black grip.

Size comparison: Olympus E-450 vs. EP-1

(Note the E-450 is the worlds smallest digital SLR)