And there they are, the first data on Olympus's 4/3 system. The feature list sounds like it's straight out of the wet dreams of digiphilics. But the price, sorry, that's clearly quite hefty. Why pay 2200 US dollars for a 4/3 system (which will probably end up being 2500 - 3000 euros) when you can get digital SLRs from Canon for less? I don't think such a price is justified, because the smaller chip is simply a compromise solution (selective sharpness becomes much more difficult when focal lengths get shorter). And the factor here is 2, which means significantly shorter focal lengths than even in Canon's consumer segment.
Let's wait and see what kind of performance this system will deliver in September when it becomes available.
At Digital Photography Review (dpreview.com) you can find the original article.