review of Olympus' flagship compact Micro Four Thirds camera.
Conclusion snippets follow:
For the first time the E-P5 is a PEN model that offers a competitively complete camera - with the image quality, focus speed and user interface all coming together to offer a strong package. Of course its rather high pricing (£850, body-only) means it has to stand up to the E-M5 - one of our favourite mirrorless cameras so far - but if you want something a little smaller, the P5 does a good job.
And, while we weren't sure we'd find reasons to use it, the ability to easily transfer images to a smartphone (yours or someone else's) proved to be rather liberating. The ability to grab good quality images and post or email them immediately further suppresses any temptation to use a phone camera. The Olympus system isn't quite 'click to send' but it's one of the easier to configure and initiate systems we've so far encountered.
However, its inability to correct image shake at what should be usable shutter speeds means we don't feel able to unreservedly recommend the E-P5. We're hoping an improvement can be made to the camera's stabilization system but, as it stands, there's too much risk of your best shots being undermined - something that's unacceptable at this level. As such, we can't give the E-P5 as high an award as it would otherwise receive.