
But now, in a come-from-behind surprise, Olympus has produced the first true follow-up to the GF1, the E-M5. I've used it for a short time, and while it's not everything for which I could have hoped, it is most of it. ISO performance is great, operational speed is excellent, the body feels great, and the video performance is surprisingly good. I think that it's a bit pricey, but beyond that, it's a very solid product.
The real excitement, though, has nothing to do with the E-M5 or any possible aspects to the upcoming GH3. The real action is in lenses. Olympus finally, finally, released lenses worthy of attention with the 45mm and 12mm. Then they announced a 75mm f/1.8, and even at $900, it's a bargain. Panasonic, not to be outdone, and after much... anticipation(?)... finally released their long-known-about X Lenses that don't suck (the first two X lenses, the 14-42mm and the 45-175mm were underwhelming).
The early reviews of the Panasonic 12-35mm f/2.8 are very good. Sharpness is on a level that one would expect. Distortion is minimal. Truly, the kind of lens that Panasonic should have made at the beginning of this whole mess. Again, as with the E-M5, the only real criticism is that the price is too high. At $1,300, the 12-35mm will be the most expensive lens in the Micro 4/3 stable, and that's not a place a lens wants to be.
Since these cameras and lenses will likely be used as secondary camera for people who already own full-format gear, when a lens costs that much, it becomes a question of whether the person would rather invest that money into more FF lenses. That possible problem aside, I know that I will be willing to pay the price, and if we use me as an experimental sample and generalize out into the US market, 100% of the population wants to buy this lens. That's impressive.
Micro 4/3 just got real exciting real quick. I want both Panasonic X-lenses. I want the Olympus 75mm. I want the SLR Magic Hyperprime 17.5mm. I need to start saving.
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