So it wasn't a rumor after all.

We recently posted a "rumor" from a Chinese site and now the camera is a reality. Congratulations to Olympus on keeping alive the PEN.

Olympus Celebrates the 50th Anniversary of their PEN with an all new Digital PEN E-P5

WOW, 50 years  have passed since Olympus originated their PEN F half-frame 35mm SLR film camera, and to celebrate, they've brought out  their latest model in the Digital PEN line; the PEN E-P5. This model now holds the top position in the PEN line-up and has borrowed  many features features from their OM-D E-M5.

Some of its basic features include the same 16-megapixel TruePic VI Live MOS image sensor found in the OM-D, FAST AF system, a fast mechanical shutterrated up to 1/8000th of a  second, 5-axis image stabilization and a  new IS-Auto mode that detects camera movement automatically, an intuitive 2x2 dial control interface, built-in Wi-Fi, a tilting 3.0-inch touch screen LCD (1037K dots), and an all new attachable EVF (the VF-4).

The E-P5 is the  now long awaited replacement to the E-P3 from 2011, and from what we gather, it's a worthy successor. With  the E-P5 announcement, Olympus has released new black versions of their M.Zuiko Digital 17mm f/1.8, 45mm f/1.8, and 75mm f/1.8 lenses.