Olympus US lowered the price of the E-Pl5 which you now get for $399 with kit lens and SD card at Amazon (Click here) and GetOlympus (without the card).
More camera deals:
Panasonic G6 for $519 with kit lens at Amazon US (Click here)
Panasonic GF6 with kit lens sells for $349 only at Amazon US (Click here).
Black GX7 with kit lens for $589 at [shoplink 50892 ebay]ProDigital on eBay (Click here)[/shoplink].
GX7 with the 20mm pancake as kit lens it sells for just under $800 at Amazon (Click here) and [shoplink 50893 ebay]6ave on eBay (Click here)[/shoplink].
The Olympus E-M1 sells for $999 only on top rated ebay seller [shoplink 50849 ebay]TheGamesArena (Click here)[/shoplink]. The Silver version sells for $20 more again at [shoplink 50848 ebay]TheGamesArena (Click here)[/shoplink].

8 Responses
But Kodak S-1, which is essentially the same thing, is still cheaper, $369 on Amazon, even in 2 lens kit, and Kodak 12-45 is more interesting for most people than Olympus 14-42II R.
You are mostly correct, different processing engine and less IBIS. But a two lens kit for $390 http://www.amazon.com/Kodak-S-1-White-double-lenses/dp/B00JYFLESE%3FSubscriptionId%3DAKIAJHZHL2PTF4QQSIQA%26tag%3Ddpreviewbuybox-20%26linkCode%3Dxm2%26camp%3D2025%26creative%3D165953%26creativeASIN%3DB00JYFLESE
$368.87:
http://www.amazon.com/Kodak-S-1-Black-double-lenses/dp/B00K3PNBG2/ref=pd_sim_sbs_p_4?ie=UTF8&refRID=06423JB46DSC7B56K14P
And yes, IBIS is there, 2-axis just like in the E-PL5 – plus WiFi, almost like E-PL7.
Sorry wasn’t trying to argue with you. I thought the EPL-5 had 5 axis IBIS….
E-PM2 and E-PL5 (and, if I am not mistaken, E-PL6) had the old 2-axis IBIS, E-PL7 and E-m10 have 5-axis, and E-M5, E-P5 and E-M1 5-axis (the latter 2 have the newer version with panning detection, and Oly are dirty dogs for not adding the feature to E-M5 through firmware).
E-M10 & PL7 have 3 axis.
I’m pretty sure the E-M10 has 3 axis IBIS.
Of course, E-PL7 and E-M10 has 3-axis.