Ah finally the E-1 replacement comes out! The top of the range Olympus, competing on the ground with the new Sony Alpha A-700, the Canon EOS 40D and the Nikon D300.

In June 2003 Olympus revealed the E-1, which many people touted as the best Olympus camera. It certainly had the fastest focusing. Now we have the long awaited replacement the 10 megapixel E-3.

A friend managed to get a hands on in Japan at the launch, his intial notes were that the AF was extremely fast and there was no colour or exposure shift at higher ISO.

Noise at high ISO is very monochromatic and detail is retained, much like the results from the latest crop of Olympus dSLRs with a few tweaks.

This new high-speed flagship of the Olympus E-System features the world’s fastest autofocus with 11-point-full twin cross sensoring, high-speed sequential shooting at 5 fps, and high-speed shutter up to 1/8000 second. The optional HLD-4 Power Battery Holder can hold up to two Lithium Ion BLM-1 batteries to extend the performance life, and like the E-3 body, the battery holder is splash-proof and dust-proof.

The E-3 body will be available in November for a street price of $1,699 - so that should put it at about RM6k in Malaysia.

You can read the full press release here:

Olympus E-3 at DPReview