Four Thirds User (Click here) tested the new Olympus VF-3 viewfinder: “Compared to the VF-2 the immediate impression is a smaller and less spacious view. The lower resolution also means that the very finest details that are visible with the VF-2 can be lost with the VF-3. But apart from that the experience is quite similar. Refresh and flicker, when present, characteristics are much the same, as are colour and contrast.”
It is up to you to decide if the $60 dollar price difference justifies the lower resolution of the VF-2. I would have expected Olympus to launch a better external viewfinder and to lower the VF-2 price. But that’s just my personal opinion. All I know is that Sony announced the NEX-7 having a much higher quality 2,4 milion dot OLED viewfinder. I hope something like that can be announced soon by Panasonic and Olympus.