Lights: Wide end isn't a portrait focal length so 3.5 doesn't give background blur:who cares. Wide end is for extended DOF.Macro is .72 better than some with that label(macro) and maybe handy if only one lens with? Again all faster apertures do for macro is make the DOF so thin that it's unusable.Yeah it could be faster at the long end...and is bumping against diffraction.The power zoom I could live without, but might be good for video shooters. Oly is calling it a "standard lens" and it is weather sealed. So looks like a weather sealed M43 body is coming along and this will be a kit lens for it quite possibly.
Actually the Pentax K5 is truly weather sealed and is cheaper than the D7000. I am not sure that the latter is weather sealed in any case.