Last year, BJP revealed images of Olympus' first Micro FourThirds prototype. The camera uses a new concept developed in collaboration with Panasonic delivering all the advantages of a digital SLR camera, but in a compact body – by doing away with a camera's mirrorbox.

Now, rumours have it that Olympus is days (or weeks) away from officially announcing its first two Micro FourThirds models. According to EnGadget, which cites a Russian source, the M-1 and M-100 are 'about the size of a bulky point-and-shoot, with the former boasting a 3.2-inch LCD monitor and HD video capture'.

Now, we have to wait and see... but such cameras could prove very attractive to professional users looking for a high-quality compact that can be fitted with third-party lenses (using an adapter).

See our review of the world's first Micro FourThirds camera – the Panasonic G1.