Re: Olympus should make better midrange options..
16
My thoughts are that you are very lucky with the timing of your urge to upgrade your Olympus Pen EP3.
Buy yourself a bargain priced Olympus EM10 II. They are being sold off cheaply now, as they clear old stock to replace it with the new (and inferior) EM10 mark iii.
The EM10 ii price is the best bargain an Olympus shooter could ask for! It is also a massive upgrade from your EP3. It is all the camera you will ever need...unless you want to go into a specialist field like pro sport photography.
You say you would 'instantly buy a new Olympus if it was just a compact body, modern sensor and at least two dials and a touchscreen'...Well, the EM10 II is that camera. The only way to get a noticeably better Olympus sensor is to buy the much bigger and super expensive EM 1 mark ii, I'm afraid. The 16 MP sensor is still brilliant, though! A massive improvement from the older 12 MP sensor.
Over your EP3, the EM10 ii will give you a huge sensor advantage including in ISO and DR. It will give you a superb viewfinder that will transform your shooting for the better. It will give you better ergonomics, better customization options, better IBIS, better video, live composite...and a whole host of other new features and improvements. All this while still being a small, light and beautifully made camera.
Of course, you could spend much more and get the slightly better EM5 II (main differences are weatherproofing, mic input, fully articulated LCD vs tilt screen, tethering for studio shooting, hi res shooting from a tripod) but as far as value for money in Olympus goes...the EM10 ii is absolutely unbeatable.
I agree that the beautiful Pen F has a high premium on it. A 'style tax', as it were. Not so with the equally capable EM10 II.
I'd recommend that anyone looking for a bargain, highly competent Olympus camera snap up an EM10 II before they are all sold out.
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'Photography is not art. It's pressing buttons. People take it up because they can't draw.' Lord Snowdon