Olympus OM-D E-M5 (body only, Black)

Pros: -size
-image quality
-speed of AF and operations in general
-fantastic build quality, splash and dust proof
-The operation with two dials is intuitive.
-Good value

Cons: - The menu system is not very intuitive. I've owned the Olympus E-PL1 also and Olympus hasn't really put much effort into this.

Summary: There is a reason this camera is such a big hit - it is a fantastic camera.

Pros in more detail:
-size: much smaller than even the smallest canon/nikon DSLRs. Don't underestimate the importance of smaller size; I carry the camera more often and take more photos simply because its smaller.
-image quality: as good as Nikon D7000, which is the standard for APS size sensors. I think the CNET review has it wrong when it comes to JPEG image quality as olympus JPEG conversion is among the best. Sometimes I've taken a picture as RAW + JPEG, and have had a hard time to process the RAW to look better than the JPEG.
-speed of AF and operations in general. Click on touch screen to click is fun, especially because it is almost instantaneous.
-fantastic build quality, splash and dust proof. It makes you worry a lot less and keep on taking photos. (take care that the lens needs to be weather sealed as well - the system is not splash proof with every lens)
- The operation with two dials is intuitive.
- Very good value, when you compare with Nikon D7000 which is $1200 body only. Unless you really need the optical viewfinder, olympus E-M5 is overall a better camera.