Olympus today began teasing a new camera for the upcoming PMA expo. The image doesn't provide many hard details but appears to show a camera much like (but different than) the E-P1 and E-P2. It also appears to have a flash hotshoe and may have an interchangeable lens system, which at the smaller size on display would be Micro Four Thirds.

No real leaks have surfaced of an E-P3 or similar camera. Olympus has so far had relatively little competition in the class and has usually only had to fight against fellow MFT user Panasonic. These cameras often have better light sensitivity than compact cameras and also often have electronic viewfinders and HD movie recording.