Olympus Releases E-5, Previewed by Digital Camera Resource Page

"Olympus today rolled out the long-awaited replacement to their professional E-3 digital SLR. Not surprisingly, this camera is known as the E-5. The E-5 is more of an evolution of the E-3 than something totally new, so don't expect anything radically different here."

An update it is; the main changes are a new 12 megapixel Live MOS sensor (Live MOS sounds dated now that just about every DSLR does live view), a new processing engine dubbed TruPic V+, the now*ubiquitous 3" LCD screen on a swivel arm, 720P video at 30 FPS (limited to 7 minutes though), and a SDXC slot dumping the xD slot (finally!). The rest of the camera is pretty much similar to the E3, including the 11 point AF system, sensor shift stabilisation, and oh, Olympus's Art Filters for those of you who can't be bothered with an image editor for special effects. Priced at US$1700 and will be out in stores next month. Photos of the back and top of the camera after the break.