Most new cameras as Kathy said are introduced between now and the end of Feb. and in August-September.

The Olympus definitely looks intriguing and I'd also be interested to see the reviews. I would definitely look at the Nikons or Canons also and do comparisons between the three. My personal opinion is that while Olympus definitely makes a good product, it isn't quite as good as the other two brands but of course that's based on past performance and the gap is narrowing all the time.

Gil, I don't believe that camera is water resistant. My guess is they provide those settings for if you have a camera housing.