If there is one trend sweeping the camera world, it's going mirrorless and designing hardware that looks and feels like the film cameras your parents owned. We didn't think Olympus could top its PEN E-P3 Micro Four Thirds camera, but they just did. The Olympus OM-D E-M5 takes its styling after the company's OM film cameras from the 1970s. Light, strong and — most important — fast, the E-M5 feels like a digital camera you'll want to keep until you're old or pass on to your kid, and that's a weird feeling to get from digital. The E-M5 is the first in what Olympus hopes is a family of OM-D series of digital cameras based on its enduring optical heritage. The reality is that the E-M5 is more akin to the E-5 DSLR tossed under a shrink ray.

In a top secret room, Olympus gave us a preview of its new flagship PEN cameras. We weren't given any free sandwiches at the briefing, but we did walk away with a hunger — for the EP-3's lightning fast autofocus, dual-core image processing, gorgeous 3-inch OLED touchscreen and live filter effect features. The timeless stainless steel PEN design inspired by the film PENs from the 1960s only sweetens the deal.

This is supposedly a leaked image of Motorla's upcoming Olympus, a Tegra 2 phone that will run Android. In other words, it's the next big, honkin' powerhouse phone.

After seeing what the digital-camera world had to offer at last week's annual Photography show in Vegas, I can confidently say that cameras have never been smaller, cheaper, simpler and just plain better than they are now. Sure, every year's...