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The Olympus Pen E-P3 was launched worldwide on 30th June 2011. In India, it was launched at a glittering function at the ITC Grand Central, at Parel, Mumbai.

The PEN E-P3 boasts of having the world’s fastest autofocus (with a 3x zoom, as on June 30, 2011). With a new image processing engine and creative Art Filters, it appears that the E-P3 is now set to challenge the competition. The E-P3 is available as a single lens kit (with the 14-42mm f/3.5-5.6 II R lens) or as a two-lens kit, which includes the 40-150mm f/4-5.6 lens. The body is available in black, white, and silver. We received the two-lens kit for review.

Design and Build Quality
The Olympus PEN E-P3 is an Interchangeable Lens Compact Camera (ILCC) designed on the Micro Four Thirds System. The body, made of metal and engineering plastic, looks elegant and appears robust. An interchangeable-hand grip adorns the right side of the camera. Buttons and dials appear to be in the right places and give a positive feel to the camera.

Key Features
The Olympus PEN E-P3 is a 12.3-megapixel ILCC. It uses a newly designed 17.3 x 13mm Live MOS sensor, backed by a new Dual Core True Pic VI image processor. The lens mount is Micro Four Thirds. A Super Sonic Wave Filter vibrates at high speed to knock off any dust that may settle on the imaging sensor. A sensor-shift image stabilizer is built in, hence any lens fitted to the camera becomes an image stabilized lens.

The E-P3 is a feature-filled camera; actually, it offers more features than you may care to have but is thoughtfully designed for advanced users as well as beginners. The mode dial on the top offers Program (P; Program Shift is available), Aperture Priority (A), Shutter Priority (S), and Manual (M) exposure modes for advanced users, and iAUTO (Intelligent Auto), Scene modes (SCN) and Art Filters (ART) for beginners. Exposures can be compensated up to +/- 3EVin 1/3, 1/2 or 1 EV step, while exposures can be bracketed for 2, 3, 5 frames in 0.3, 0.5, 0.7, and 1 EV step. Movie mode (using AVCHD/AVI Motion JPG) is also on offer. Recording movies is very simple. Turn the mode dial to the movie icon and press the dedicated movie button (marked with a red dot) on the camera back to start recording. Press it again to stop recording. The E-P3 autofocuses during the movie recording to provide crisp, sharp movies.

As mentioned in the intro, Olympus claim that the E-P3 has the world’s fastest autofocus (as of June 30, 2011, with the standard ‘14-42mm II R’ zoom lens). According to them, this is possible due to a new advanced AF system, called FAST AF (Frequency Accelerated Sensor Technology), combined with MSC (Movie and Still Compatible) lenses. They further claim that “image quality can be enjoyed even at sensitivity levels equivalent to 12,800 and during full HD video recording”. We’ll check this claim and let you know later on in this review.

Images can be recorded in RAW, JPEG, RAW+JPEG, and MPO (3D Still). The PEN E-P3 uses a 3-inch OLED monitor (approx. 614,000 dots) with a new GUI (Graphic User Interface) providing touch-panel functions. OLED (Organic Light Emitting Diode) can achieve a higher contrast ratio, thus enabling a crisper view of the images. The touch panel has an anti-fingerprint coating.

The E-P3 uses a contrast-detection AF system with 35 AF points. Focus can be set to Single (S-AF), Continuous (C-AF), Manual focus (MF), S-AF+MF/C-AF+TR (AF Tracking). Face Priority AF and Eye-Detect AF are available. When shooting under S-AF+MF or MF mode, manual Focus Assist is available when rotation of the focusing ring is detected by the camera. Metering is TTL (Through The Lens) using Digital ESP (324-area multi-pattern metering), Center-weighted, and Spot.

ISO sensitivity can be set to Auto, or manually set from 200-12,800 and can be set in 1/3, or 1 EV steps. The E-P3 can be set to Adobe RGB or sRGB colour space. White Balance can be set to Auto, Incandescent, Fluorescent, Daylight, Flash, Cloudy, Shade, or set to a Kelvin temperature setting. WB can also be bracketed (3 frames), while 2 custom settings of WB can be registered for one-touch operation. Using Picture Modes, contrast, sharpness, and saturation levels can be user selected. At the same time, Picture Modes let you select from i-Enhance, Vivid, Natural, Muted, Portrait, or Monotone (B&W). Long exposure noise reduction and high ISO noise reduction (Olympus labels it as Noise Filter) are available.

Shutter speeds on the E-P3 range from 60 seconds to 1/4000 sec, plus Bulb (up to 30 minutes). An optional remote cable release (RM-UC1) can be purchased. The camera can be set to single-frame shooting, sequential shooting (approx. 3 fps), or to self-timer. In RAW mode, the maximum frames before the buffer fills up is 17 (using a Toshiba SDHC UHS-1 card R95 W80 model Premiugate series “Class 10” 8 GB; unlimited for JPEG (using the same make/model card).

For those wanting to try something ‘arty’, the Olympus E-P3 offers easy-to-use Art Filters (Pop Art, Soft Focus, Pale & Colour, Light Tone, Grainy Film, Pin Hole, Diorama, Gentle Sepia, Cross Process, and Dramatic Tone). Advanced users may or may not find the Art Filters useful, but the E-P3 can, at one press of the shutter release button, create all the art filter effects, which makes it very convenient to select the best effect later on.

A built-in flash (Guide Number 10m at ISO 200) offers TTL Auto, and manual exposure modes with fractional power. Wireless flash control is possible using the built-in plus external Olympus dedicated flashguns. The compatible external flashguns are FL-50R, FL 36R, FL-50, FL-36, FL-20, FL-14 and FL-300R. X-sync speed with flash is up to 1/180 sec.

Images can be recorded on SD, SDHC and SDXC (UHS-1 compatible), and Eye-fi card. Class 6 is recommended for movie shooting. The camera body dimensions are 122 x 69.1 x 34.3mm and weighs 369 g including battery and memory card.