I have the "old"
E-400 and even with it's shortcomings that was "fixed" with the
E-410 and
E-420 (no live-view and somewhat poor focusing in low light), it's a very handy little camera. The over-all performance is very good, and I like the ergonomics of the camera.
Up until recently I've only used the very light but quite capable
14-42mm ƒ3.5-5.6 kit lens that came with it, but when I got a job taking some shots inside an old boathouse (or something) converted into a restaurant, I grabbed the "excuse" and got myself a faster "kit" lens. I really, really wanted the new
12-60mm ƒ2.8-4, I couldn't justify paying more than twice what I could get the good, old
14-54mm ƒ2.8-3.5 for. (And I have to say this: I love my new lens.)
I'm currently considering replacing my camera, letting my girlfriend have the E-400 and upgrading to a newer body. At the moment I cannot quite justify it, financially, but when and if the rumoured E-520 comes out to replace the
E-510, or - if that just is a rumour - a slight price drop on the E-510, it's gonna be hard to resist. That built-in image stabilisation in the E-510 has impressed most people I've talked to.
(I guess the E-3 will stay out of reach, financially, for quite a while still, and even if a rep from Olympus Norway hinted strongly that a new body, between the E-510 and E-3, was in the works, the E-510/520 seems most likely to be my next camera.)
Don't listen to that "not enough lenses" bull....pooh, that's the same argument as PC users use against Macs (not enough applications). There are
plenty of excellent quality glass out there for the four thirds system, and Zuiko/Olympus, Leica/Panasonic and Sigma are adding new ones regularly.
The only thing I'm missing at the moment is a fast (ƒ1.4-1.8), normal mid priced 25mm prime from Olympus, right now you "only" have the pricey (but supposedly EXCELLENT) 25 ƒ1.4 Panasonic, 24mm ƒ1.8 Sigma, 30mm ƒ1.4 Sigma or the new cheap, but IMO not fast enough 25mm ƒ2.8 "pancake" from Zuiko to choose from.
PS! Check out the relatively cheap
50mm ƒ2 macro, it is generally
reviewed as one of the best lenses, ever
(I might be stretching it a bit, but not that much), for macro and portraits and such, and is often mentioned as the favourite lens of those who own it. That, along with the cheap
70-300mm ƒ4-5.6 (I bought the one lens kit), whenever I can actually get my hands on one, they're constantly sold out, is probably my next purchases.