Olympus PEN E-PM2 anyone? (IMGs)

The E-PM2 has been discontinued and as from what I've read it is not to be replaced, which would be a shame. It is really cool in my view to have a camera this small when combined with a pancake lens, but as an ILC still capable of taking larger and various lenses. My wife shoots hers with the 14-42 kit lens (95% of the time) for a light and pocketbook-able (LOL) camera, but she just asked to borrow my Sigma 60 for a special shoot. I expect her results will be every bit as good as I can get with my E-P5. It's that kind of flexibility to take a larger specialty lens combined with the portability when combined with small, light lenses that makes it a worthwhile camera. But if people like Rees are typical in comparing it to a compact then I suppose its market niche has shrunk.

Anyone know whether in fact Olympus has stated it will not be replaced?

I think the GM line stole the PM's thunder, Panasonic managed to execute a similar concept in a smaller but more premium model which probably made it more profitable initially... Tho the GM1 is now down to $400-$530 (body/kit), or as low as $340 as a grey import; but they brought the price back up on the GM5 with an EVF and other tweaks.

It remains to be seen whether Olympus tries to come up with a new line to compete with the GMs or whether Panasonic even keeps both GMs around going forward. I dunno how small Olympus can scale IBIS or whether they'd be willing to sell an IBIS-less body (probably not). The PM2 was/is definitely one of the better deals out there tho.