@mahler
The EPL-1 WAS NOT OVER PRODUCED and “no fire sale” it may still even be in production (you’ve been reading bias articles on the wrong website), word has it that Nikon will continue to produce the D700 even after the D800 release, so go figure…
Olympus are just been competitive with their pricing and if you actually read and dissected what is said on forums and flickr you would realise that many DSLR owners have and are purchasing the EPL-1 to “test the waters” and then upgrading or will upgrade or they are buying for their girlfriends, wives, partners etc and then having a play with it themselves (I see this story countless times on the web).
Also Olympus has single handily created a new market in camera joshi (who are price sensitive) and successfully saturated/penetrated it (except in the USA) to the detriment of the Nikon 1 target market.
SO NO SHOCK to Olympus, just successful strategy.