Olympus announced their new E-P1 model on Monday evening at a retro-fantastic event in Berlin, Germany.

The new Micro Four Thirds camera comes with a 12.3-megapixel Live MOS sensor and a 3-inch LCD display around the back.

In terms of controls the back end looks rather like a compact camera, whilst the front benefits from an interchangeable lens mount.

Unlike the Panasonic Lumix G1 or GH1, there is no built-in flash or viewfinder, but both are available as accessories.

Feast your eyes on the gloriousness that is the new Pen, in a collection of official pics below.