Cool! Olympus announces a new PEN alike SH-1 compact camera!

UPDATE with preorder list:
Olympus Stylus SH-1 Digital Camera (Black) at Amazon (Click here), BHphoto (Click here).
Olympus Stylus SH-1 Digital Camera (Silver) at Amazon (Click here), BHphoto (Click here).
Olympus CSCH-120 Body Jacket for SH-1 Digital Camera (Brown) at BHphoto (Click here).
Olympus CSCH-120 Body Jacket for SH-1 Digital Camera (Black) at BHphoto (Click here).
Olympus TG-3 camera in all colors at Amazon (Click here), BHphoto (Click here).

The new compact cameras:
Olympus just announced two new compact cameras. The image on top shows you the very PEN-alike SH-1 fixed lens compact camera. It has a 16MP BSI-CMOS sensor with 25-600mm f/3.0-6.9 lens, 3″ touchscreen LCD, some manual control. It will ship in May for little bit less than $400 (Full press release here). There is also a new Shockproof Tough TG-3 (Full press release here).

The SH-1 looks particularly interesting as it has quite some nice features and a very “traveller friendly” zoom range! These are the Feature highlights:

1. A sophisticated design inherited from the OLYMPUS PEN
2. Equipped with a high-performance 24x optical zoom lens (48xSuper Resolution Zoom) that covers from a 25mm wide angle to 600mm telephoto
3. The world’s first optical*5 axis image stabilisation compatible with both still images and movies
4. Built-in Wi-Fi* for easy image sharing and wireless shooting with a smart phone
5. The enhanced Advanced Movie mode allows in camera selection of four different types of movies