Couldn't tahan after playing with this today so now must eat maggi mee till CNY 
The aperture and focusing dial is just so smooth and solid. I dont know how to explain it, just makes my Lumix G lens feel like toys now.
Sorry for the bad pics, I took this photos in very low light using my 20mm F1.7 - couldnt wait till daylight to take a few shots and show off my excitement 

Here is something i found on the web:

How does the E-PL1 combat noise commonly found at high ISOs?

Digital cameras vary the light sensitivity of the image sensor by varying the gain voltage applied to the sensor, much like turning up the volume on a stereo. When the gain voltage is increased, as it is when shooting with higher ISOs, the sensor becomes hot. Hot pixels perform differently under extreme conditions. The result is a graininess known as “noise.”

Noise occurs whenever sufficient heat has built up on the image sensor. Therefore, it can also be seen in images with long exposures, such as night photographs, due to the additional heat generated by charging the sensor for an extended period of time. All digital cameras include technologies to minimize the effects of noise. The E-PL1 uses a sensor that dramatically decreases noise. In addition, it combats noise with two methods: NOISE FILTER and NOISE REDUCTION.

The NOISE FILTER function is found in the menu. It has four options: OFF, LOW, STANDARD and HIGH. The majority of digital cameras have a default noise filter that is always on. Some photographers feel that this reduces detail, so Olympus has included the option to not use a noise filter at all.

If NOISE FILTER is set to OFF, it is recommended to set the SHARPNESS setting to –2. If  SHARPNESS is set to 0 it may exaggerate the noise when no noise filtering is being applied.

The NOISE REDUCTION function can also be enabled from the menu. After the first exposure, the camera makes a second exposure of equal length with the shutter closed. It then, in effect, overlays the two images, finds the hot pixels in the second image (essentially, any pixels that aren't black) and deletes the corresponding pixels from the first image. This doubles the shooting time. If the first exposure is 12 minutes 30 seconds, the second, black exposure will also be 12 minutes 30 seconds for a total exposure time of 25 minutes.

anyone ready their 70-300mm?

this is my 14-42mm on EPL1

my fren's lumix 45-200mm on GF1

darn sad now

not sure how much yet.. will let ya guys know soon