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Alongside the PEN E-P3, Olympus has announced the PEN Lite and PEN Mini. These closely-related sister models (formally called E-PL3 and E-PM1) feature similar specifications but smaller bodies that borrow heavily from the styling of the company's XZ-1 enthusiast compact. Both cameras are aimed at the point-and-shoot upgrader and feature 460,000 dot LCDs, rather than the E-P3's OLED display but otherwise retain much of that camera's capability, including what's claimed to be the world's fastest AF. We've been using a PEN Lite for a while and have prepared a brief hands-on preview.
