Seems it'll have a big grip like the OM-1. Makes sense if it uses the same battery I guess. But a big grip would look weird on a small body so I expect it'll grow in size over the EM-5. I just hope it won't be as big as the OM-1 though.
So, putting all the rumours together:
- Same sensor and AF as the OM-1
- Same battery as OM-1
- Bigger grip than EM-5 and probably a bigger camera too
- EVF reduced in resolution compared to OM-1 (and perhaps lower magnification)
- Reduced frame rates over OM-1 (15 fps - I assume this is the mechanical shutter)
- Likely price £1499
If all this is true I'm a bit perplexed where they are targeting this. If the body size is approaching the OM-1, then this is looking a lot like a slightly cheaper version with cut-down features. Personally I wouldn't save £500 to do that.
I'd prefer it if they could differentiate the OM-5 as a landscape/studio/street/general camera rather than a sports/wildlife camera. So, put the focus on size and weight, but not scrimp on features like LiveND and HHHR (which I suspect they will exclude in order to build differentiation with the OM-1). It would be even better if they could add some additional features like:
- Using the dual gain on the sensor to improve DR
- Improving the HDR modes - e.g. more flexibility on nr of frames and EV spread, build a raw, fix the artefacts that can happen with slight subject movement)
- More computational effects - building on livetime/comp, focus stacking; perhaps even some computational background blur
- Using the IBIS to allow longer astro shots without a tracker (as Pentax do)
Of course, it's possible that the OM-5 will be more pitched at video - that would probably make most sense given the continuing decline of "serious" stills photography.
Well, hopefully not long to wait now.

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