Sony is set to release new mirrorless cameras with SLR-sized sensors, starting at $550 this summer. These cameras are smaller than the micro-four-thirds cameras released by Panasonic and Olympus, but have larger optical sensors. The cameras will be available in a kit with either a 16mm f2.8 pancake lens (24mm equivalent) or with a 18-55mm f3.5-5.6 image-stabilized zoom lens. An 18-200mm f3.5-6.3 stabilized zoom will be offered later this year.
Sony will be offering the NEX-3 with 720p video for $550 with the 16mm lens or $600 with the 18-55mm. The NEX-5 will have a magnesium body, 1080p video recording, and will sell for $650 with the 16mm lens or $700 with the 18-55mm lens. Both models ship with a detachable flash.
Here’s how they compare in size to the Panasonic GF-1:
Here's a video reveiw from CNet:
Related: Five reasons to ditch your SLR.