(FT4) UPDATED->Olympus plans model both above and below the E-P1?

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According to Mr. Watanabe (which has been interviewed by amateurphotographer)Olympus is working on camera above and below the E-P1.

I never heard anything over a more basic camera. How could they do a more basic camera than the E-P1?

Source: http://www.amateurphotographer.co.uk

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