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Strengths: Fast AF with improved low-light performance, improved high ISO performance (compared to other Olympus models), great lens catalog and in-body IS works with Zuiko Digital and legacy lenses.
Weaknesses: Not quite as ergonomically satisfying as the E-1 and certainly heavier, no focus assist lamp (uses built-in flash), probably a little over-priced.
Summary: 2008-04-03 08:08:41 I am a photography enthusiast, not a professional, so please take my remarks accordingly. This camera more than meets my personal needs, and was a logical upgrade from the E-1. My primary frustration with the E-1 was its challenges in low-light focusing (even with fast lenses). To this end, the E-3 is a dramatic improvement.
The body is comfortable in the hand, though slightly less so than the E-1. It is well balanced, and I prefer to use it with the HLD-4 grip. The grip itself is a little ornery at times with clone batteries (locking up the camera), and is not quite as comfortable as the HLD-2.
While I've never been a pixel peeper and found 5 MP more than enough for my printing needs, I'm sure I will enjoy the greater resolution and ability to do hard crops if desired. The ISO 1600 is dramatically better than the E-1 with a film-like grain.
Of course, one aspect of the E-3 that sets it apart from the Canon and Nikon semi-pro offerings is the articulated LCD. Some will complain about the size (2.5" vs their 3" displays). Coming from the E-1's small 1.8" display, I have no complaints. I would rather have the articulation than the larger size, as it allows me to shoot from the ground, the waist, and overhead if necessary.
My initial attraction to Olympus was the more compact lens size afforded by the system, as I like to do landscape shots on hikes. Having the in-body IS now allows me more latitude with many of my non-tripod shots. The reason I chose the E-3 over the E-510 is primarily for its enhanced durability and splash-proof design. I also use the FP-1 power flash grip with the FL-50, and the E-510 does not have the necessary connector for shutter triggering.
All in all, it is not perfect for everybody, but my needs are more than met, and that is the question you must ask yourself when comparing each of these exceptional cameras.

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