Sorry guys for the confusion but now I am 100% sure about it: The new OMD camera coming in January is also the E-M5 successor. The confusion started because two of my sources have been told the E-M5 will still remain on sale for 2014. This lead us to believe that the new OMD camera will not replace the E-m5. As I learned tonight after a short discussion with trusted sources is that the new OMD will indeed be the E-M5 successor. But the original E-M5 camera will remain in production and available for sales even after the successor announcement.
Also confirmed: it has the same E-M5 sensor with E-M1 imaging processor.
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Rumors classification explained (FT= FourThirds):
FT1=1-20% chance the rumor is correct
FT2=21-40% chance the rumor is correct
FT3=41-60% chance the rumor is correct
FT4=61-80% chance the rumor is correct
FT5=81-99% chance the rumor is correct