Two trends in camera formats for 2012 and beyond: First, smartphone cameras will continue to improve at a blistering pace, approaching the imaging capabilities and features found in stand-alone cameras of a few years ago. Second, mirrorless interchangeable-lens cameras will undermine sales of low-end DSLRs, satisfying users looking for DSLR-like quality imaging in a small camera body.

The photo in the illustration above is from a “test roll” shot with the Olympus E-PM1, a micro four thirds mirrorless camera.
I was thinking about a new “walking around” camera that would provide additional features and better low light performance. I currently have the Olympus XZ-1 point-and-shoot which I really like.
The Olympus and the Sony NEX C3 are both highly reviewed low-end mirrorless cameras, targeted at hobbyists wanting to trade up from point-and-shoot — and both are stocked by my local camera store. The Olympus E-PM1 would work with the accessories I already have for the XZ-1 and has the already extensive micro four thirds system to support it. The Sony has a larger sensor, better specs and a broader feature set. Both receive top rankings as budget mirrorless cameras.
But hands-on experience with a camera will highlight factors not mentioned in reviews and I found both cameras to be louder and slower than expected. The Olympus particularly had a “clunkiness” in the shutter release that I just couldn’t get use to. Both take great pictures and I wish I could try each over the weekend versus just a few minutes in the store. But for now, it’s time to keep looking for that perfect budget companion to my DSLR. Up next: the Nikon 1 system and Canon’s just announced G1X.