Well, if you're fond of using film and manual focus, then it might interest you that the m4/3 mount is the most adaptable mount out there right now, which helps bide the time until Panasonic and Olympus come out with new lenses for the system.
The AF is the biggest downer on the camera (especially for the price), so if you shoot sports/action on a regular basis and intend to use the E-P1 for that, then I'd suggest you go the Panasonic route instead (if you really intend to go into m4/3) or some other DSLR which will have faster AF than the E-P1.
And like you said, if you're very much used to a viewfinder, then you might find transitioning to an LCD-only camera quite jarring.
Everything else, though, is A-OK for me. The batteries hold out for some 300 shots, not world-beating, but it's doable enough for me. It probably depends on how many shots you take on a regular basis. The output is excellent, and even in higher ISO settings, the noise is more luminance than chroma, so it's pleasant for me.
The art filters, though it sounds gimmicky at first, is really fun to play with, on a Lomo-kind of level. The HD video works nicely, though limited to a couple of minutes (7, I believe) and the continuous AF is wonky.
I'm happy with mine, though, and the plus factor for me is that I'm able to bring it everywhere I go, even in places where DSLRs are barred inside (it's a quirky thing where I am - stadiums and concert grounds bar people from bringing in "professional" cameras, professional cameras defined as any camera that's a DSLR, regardless of features).
Good luck with your decision. It's really not for everyone, like DPR says in their review.
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