Olympus seems to have pretty much given up the DSLR market, at least in the US. Their recent DSLR, the E400, isn't even sold here at all.
If the Olympus were the only DSLR there is, it's be great. As it stands, it can do great work - but I don't think it's a very good choice if you're buying your first DSLR; the competition simply offers more compelling products.
First problem: the "4/3rds system". This gives you a 2x crop ratio which means a lot of zoom but not much wide. It also gives you a smaller sensor - 17.3mm x 13mm, versus the 23.5mm x 15.7mm Sony sensors found in Sony, Pentax, and Nikon cameras, or the 22.2mm x 14.8mm sensor in the Canon Rebel line.
Second: that lower sensor means more noise than comparable DSLRs.
Third: The viewfinder is very small and dim which is bad all-around but especially for manual focus.
Fourth: No IS. Nothing in the body like the Pentax and Sony, and I think there's exactly one lens that has IS in it. Someone who follows Olympus more closely probably has more information.
Fifth: You'll probably have the least selection of lenses compared to the main competiton (Canon/Nikon/Pentax/Sony). You may also find that the one lens you want is more expensive than you'd like.
Finally, like I said - Olympus seems to just not really be even trying in the USA any more. They are probably the smallest DSLR manufacturer (outside of perhaps Fuji and Panasonic, who are selling much more expensive ones) and with them not putting much effort behind their product doesn't bode well for their future.
All that being said, certainly the Olympus DSLRs can take fantastic quality photographs and are not bad cameras. The problem is that the competition just plain offers more.
I certainly respect you opinion Groucho and don't want to start any wars here but I must disagree with what you said.
Olympus has far from given up the DSLR market in the U.S. . Olympus was the first to introduce dust removal and so far it is the best out there. They were also the first to offer live view on a dslr. They wouldn't have done that if they were not here to stay. As for the E400 it is no sold in the U.S. but there are plenty of people that own one that do live in the U.S.
1 - the 2x factor is hardly noticable considering all DSLR's have a crop factor of at least 1.5 or 1.6. I've held a Rebel XT, and Nikon d80 and there is hardly a difference.
2 - All reviews i've read and opinions of users of both an E-500 and XT have said up to ISO 400 the noise levels are about the same. ISO 800 is slightly worse on OLY but still usable. ISO 1600 has more noise but thats what noise ninja and other pgms are for.
3 - Yes the veiw finder is small but they have an eyepiece magnifier for it that helps a lot.
4 - No IS yet. Wait til PMA. Panasonic is making 4/3 len's with IS.
5 - Yes the lens selection is not as big as others right now. I don't really see a need for 3,4 or 5 lens to be available for the same focal length. But they have len's for every focal length you will need. Yes they are slightly more expensive then the competition but they are worth the money. Sigma and Panasonic are making 4/3 lens as well.
Lastly lets look at the competitions camera over the last 2 yrs non pro bodys.
Canon has 2 models - xt and xti
Nikon has 4 models - d80,d70sd50,d40
Oly has 3 models - e-300 , e-500, e-330 (the e-400 can be purchased online for delivery in the U.S. and i'm not sure of the stats but i'm sure alot of camera's are purchased online). Olympus is still very much in the dslr market in the U.s.
Lets see what PMA 2007 brings in 2 weeks.
