“The [Olympus] Pen E-PL3 shares most of the E-P3’s strengths: excellent image quality, fast performance, 1080i AVCHD video and huge potential for customisation all in a smaller body with fewer controls and a flip-up LCD screen.”
CameraLabs has published their review of the Olympus PEN Lite E-PL3, a Digital Interchangeable Lens Compact System Camera with 12.3MP resolution (on a 17.3 x 13.0 mm High Speed Live MOS Sensor), Sensor-shift Image Stabilization, Dust Reduction, an extra large 3.0-in. LCD (460k-dot), Full HD Movie (1920×1080/60i) with stereo sound, Intelligent AUTO (auto scene recognition), PASM modes, Scene Modes, Shutter speed range of 60 – 1/4000 sec. plus Bulb (up to 30 mins), Continuous Shooting at 5.5fps, RAW file format, a hot shoe, and Art Filter.
You can read the Olympus E-PL3 Review @ CameraLabs.