I had the E-PM1 for awhile (until it was stolen from me) and I really like the picture quality, but the menu system was a little annoying. I also had a Canon 40D with a few lenses that was stolen at the same time, so you could imagine I was used to having plenty of dials and button to easily change my settings. This was the opposite of the PM1, which only had a few buttons and had a rather extensive menu system with a huge number settings. I didn't really think I'd use most of them at first, but I really enjoyed playing with the pre-programmed scene modes and settings. But when trying to shoot in manual, which is what I'm used to, this camera was annoying. I actually said after a week or so that I was going to sell it, but when I played with it more it grew on me. To get to the main point though, if I had the money to buy this camera again with the housing I would do it in a heartbeat. That is an awesome deal even if you're looking for a higher end camera. I never had the chance to take it underwater, but I'm sure the great quality of the pictures wouldn't change that much. Just Google them, I have before and there's a good number of people that are using it. Hope this helps
