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The Micro Four Thirds parade marches on as Olympus has just unleashed the details about the follow up to the E-P1 we like so much. The camera body itself hasn’t seen much of an upgrade. It boasts the same 12.3-megapixel Live MOS sensor as its predecessor and those hoping for a built-in flash are bound to be a little disappointed. But, each E-P2 will come standard with an articulating VF-2 electronic viewfinder to occupy the hot shoe. It works in conjunction with an “accessory port” that’s new to the E-P2. While it opens up new possibilities for this camera, it also means that E-P1 users hoping to grab the viewfinder as a standalone will be out of luck. The accessory port can also be used for an external microphone using an EMA-1 Microphone adapter.

The rest of the upgrade list includes a black finish that more reminiscent of the classic Olympus PEN series as well as a Continuous Autofocus tracking system, which is a very welcome addition. Frequent video shooters will be glad to see that full shutter and aperture control is now unlocked in movie mode.

Two different kits will be available starting in February. Choose from an ED 14-42mm f3.5/5.6 Zuiko Digital Zoom Lens or a 17mm f2.8 Zuiko lens. Both will cost $1099 including the electric viewfinder. Get more pictures and the rest of the crucial specs after the jump.