[Mr. Pickles]

You argue whatever you want to argue. They "announced" their intentions a year ago to replace a 4 year old camera.

Since then, the big two have rested, and finally, publicly announced their intentions to replace their one or two year old models, and they will hit the streets in a month or so, if not already.

And Olympus is still mum about a public announcement, even though they have the world stage right now in being "THE" camera sponsor, and a major sponsor of one of the tennis's MAJOR tournaments, the US Open.

Seems to me they continue to un-impress a lot of Olympus fans, apparently not you, with their inability to get a replacement out there. If it is exactly what the leaked PDF claimed, they will only break even.

In order for a new Olympus to "beat" or "compete" with a Nikon or Canon, it HAS to be a better camera. Period. From what I hear, read, etc., the Nikon D300 will stop the new E-3, even though it isn't really better overall.

So, Olympus better be holding its cards (still) to tweak it more or slap in something that wasn't leaked, like an odd or innovative sensor design. Olympus is noted as an innovator, and it doesn't sound like the E-3 is innovating anything, based on the leaked info so far. A new sensor would possibly change that.