Olympus PEN E-PM1
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The Olympus PEN E-PM1 was announced on June 30, 2011 together with two other Olympus Micro Four Thirds cameras, EP3 and E-PL3. While these three models produce similar quality photos due to the same sensor specifications, they are aimed at different types of customers and offer different features. EP3 is the flagship version, and is designed for photographers who prefer to have as much manual controls as possible. The camera offers a wide range of external controls similar to typical DSLR cameras. It also comes with a touch screen.
The E-PL3 is the middle version of the three and is priced in between the EP3 and E-PL3. The major downgrade from the EP3 is the lack of a grip in the E-PL3, as well as fewer external control buttons. Nevertheless, EP-L3's key differentiating factor comes in its "tilt-able" screen, which allows users to easily take photos from creative angles.
The E-PM1 is designed for users who have traditionally been familiar with point-and-shoot cameras. It has the least manual control buttons, and do not come with a tilt-able screen. Nevertheless, it is offered at the lowest price point and has therefore been considered the best bang for the buck among the three models.