Olympus have gone ahead to expend the PEN line of cameras. This one's called the E-PL1. It comes in a compact body that packs a 12.3 megapixel sensor, HD movie recording, a 2.7 inch LCD, image stabilization and a bundled ED 14-42mm f3.5/5.6 zoom lens. However, the guys at Engadget did mention that there's a bit of 'perfect angling' that's needed for your hands to get the perfect shot. The best part is the 720p video recording.

If you're a strict patron to the adjustments of white balance and other such features then the PEN E-PL1 will give you something to cherish. Even with all these features this compact PEN camera comes for $600.
Source