Looking from the angle of the EPL5, this is actually a great improvement. Better build, much better IBIS, much better screen, better controls, 0-second antishutter, better software...
All very true, by fixing earlier flaws like the 16:9 screen that resulted in a 2.3" usable size in native 4:3's, along with the SS fix, and then bringing over the E-M10's 3-axis IBIS and software, this is the best PEN E-PM/PL yet.
The problem is most people will say the OMD-EM10 obscures it (and they'd be right, the EM5 did the same thing to the EP5)
I think it was more a matter of consumer's picking up on Olympus' $ gouging by making them pay a $200-250 premium for an EVF that's built into OM-D's, then having to remember to bring (and potentially lose) it and/or the flash, all the while not being able to use them simultaneously. Let's give the consumer credit, they notice these things.
and Oly's silly marketing will do nothing to improve that...
Actually, Olympus' hapless marketing may be the E-PL7's saving grace; going by past examples, ads are unlikely to be seen by the general public ;-) .
They could have done something actually different... How about a flip-out screen?
Requires a hinge that adds width and likely complexity/cost is my guess.
Or how about on-sensor PDAF to compete with Nikon's 1 J cameras?
Got me there.
I mean, this is basically the same selling point the GF6 had over a year ago... and that camera tanked so bad Panasonic killed the GF series. =/
I simply don't think there's a market for a mirrorless camera kit selling for $700 that doesn't have a built-in EVF and flash in the year 2014. Too many excellent options, the a6000 being the current leader in this price range. Panasonic seems to get it with their upcoming GM5, we'll see.
Too many poor decisions here, from lack of built-in EVF and flash, to price, to marketing to a niche that traditionally doesn't buy many cameras and in the process turning off enthusiasts.
Frustrating, for as you've noted it has many nice features plus an attractive design, but the above pretty well tanks it for me, at least until the PEN $ premium passes.
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Sailin' Steve