Imaging and optics company Olympus has just announced their PEN E-PL1 camera today. Hot off the heels of the E-P2 comes this new model that boasts a built-in flash and some interface tweaks that result in a more user-friendly and cheaper package. It uses the same sensor as the Olympus DSLR’s and takes 12-megapixel images. The cool thing is that it has a dynamic 14-42mm lens and you can change it. It seems with the E-PL1 Olympus has managed to let point-and-shoot users have a bit more customization and fun in an easy to use and cheap package. Priced at $600 on the Olympus site.

Source: 4/3 Rumors