In article , says...
http://www.dpreview.com/news/0409/04...lympuse300.asp

8 Megapixel consumer DSLR from Olympus ... will this be a formidable
challenge to the Canon Digital Rebel and the Nikon D70? Will this be the
big break for four thirds?

Three new lenses too ...

http://www.dpreview.com/news/0409/04...mpuslenses.asp

My guess with that sensor size is... No.
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http://www.pbase.com/bcbaird/