Originally posted by TaoMaas You sound like me. I carry my K10D with me to work everyday and I really dislike how conspicuous it is. I'd love to have something small and pocketable, but with good image quality. The Q would work for me, but not at this price. I'm far more likely to buy a Canon G12 and just live with the limitations of a built-in lens.
Exactly why I bought an Oly E-PL2. With the 17mm (35mm equiv.) mounted it will fit in a pocket, although I tend to carry my full kit in a Lowepro S&F Utility bag tucked in my messenger bag. I also picked up a Lowepro ILC 50 that holds the 17mm in the bottom and the camera with 14-42mm mounted and is light enough I forget it's there.
Personally, the Oly is as small a camera I would want to go with just because of the size of the cameras and controls. The Q could have better image quality than the K-5 and I wouldn't buy it just be cause of the size. For those with smaller hands and less stiffness, this would make a great choice for a really compact, always there system.