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Well, this has certainly stopped me dead in my tracks. I was waiting for my tax return to purchase the E-520. Now it looks like I may have to change my mind.
I think Pyro has about covered it, larger viewfinder one of the big downsides reported by many. Extra AF points which can be an upside to AF speed. I also like the art filters which I have tried with the E-30, the articulating LCD screen and the fact that a vertical battery grip can be used above water. Battery life should be around 450 exposures if not using "live view".
The E-520 has dropped in price but I would not expect to see much change in the PT-E05 housing V. the PT-E06 housing. I think the cost difference is worth it to stay ahead of the curve. As fast as these cameras change the resale will makeup the cost difference.
I would agree with the above. Olympus tends to "end-of-life" the housings well ahead of the cameras. If you have an E-520, I wouldn't wait too long to buy a housing. And I doubt that prices will drop very much on them.
I'm really looking forward to the improved AF system, smaller and lighter size. This camera has many of the features of the E-30, at about $100 more.