Rumors are swirling about a possible replacement to Olympus' venerable OM-D E-M5 (pictured above).

Rumors are circulating about a possible successor to the Olympus OM-D E-M5. According to rumor site 43rumors.com, the camera is likely to be called the Olympus E-M5II or the Olympus E-M5 Mark II and is said to feature a 16MP sensor but with a sensor shift function allowing users to boost resolution up to an equivalent 40MP. This follows a rumor from November that Olympus has stopped production of the E-M5 model.

According to 4/3 Rumors, the information was provided by an anonymous source and later confirmed through trusted sources - whatever that means. Although not officially confirmed, it is reported the E-M5II's sensor-shift feature will create ~40MP images out of up to eight exposures per shot.

If true, it is possible that Olympus will utilize its 5-axis stabilization system to achieve this - shifting the sensor in tiny increments between exposures, and then combining them to produce the final high-resolution image. We've seen Hasselblad do something very similar in its medium-format cameras.

43rumors.com reported in November via an anonymous source that the model will also feature weather sealing, 4k video, and 24/25/30fps options.

At this point we have no further details, but if true, it's likely that Olympus could use the CP+ show in Japan in February. Naturally, if full details should emerge, we'll have full coverage here at dpreview.com.