Help me to build my u4/3 system

I just did this and went with the following:

PL7-14

PL12-35

Oly40-150

PL14mm f/2.5

I know you said you wanted two primes.  So if you dont want the ultrawide capabilities grab the 12mm f/2 instead.  If you dont think you need the reach you could very easily swap the 40-150mm for the Oly 75mm f/1.8.  Personally I think it is a no brainer to get the extra reach especially if you want to keep your kit to a minimum because of the quality of the 40-150mm but that is up to you.

I think with this kit you get everything you need.  You can go from 14mm to 300mm and still have a pancake for when you want to go ultralight.  The 12-35 f/2.8 is better than the 20mm f/1.7 imho because it focuses extremely fast and it gives you the zoom you need if/when you do actually need it.

I threw in a Oly 60mm f/2.8 because I shoot macros and can use the 60mm as a portrait lens if necessary but that is just for me.  Good luck!

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- Tom