Excerpt: Leave it to Lens-master Olympus to offer the fastest (and, at $600, street, the priciest) kit lens today -- with the closest focusing of any comparable zoom. A step-up option for the E-30, this 28-108mm full-frame equivalent has more reach than Oly's standard 14-42mm f/3.5-5.6 kit zoom. And it's a remake of an earlier lens, with a circular aperture for smoother edges in defocused areas and seals to resist splashes and dust.
Excerpt: Four-Thirds lenses are always deceptive by virtue of their compact proportions. The Zuiko 14-54mm is no exception and is classified by Olympus as a pro-spec lens, which makes its relatively modest...
Summary: A more versatile, better-performing alternative to the standard Olympus kit lens.Released concurrently with the Olympus E-30 DSLR camera, the Zuiko Digital 14-54mm f/2.8-3.5 II provides an alternative to the standard 14-42mm f/3.5-5.6 kit lens. It covers angles of view equivalent to 28-108mm in 35mm format, has multi-coated optics and a circular aperture and supports the new contrast-detection AF capability with Live View mode in the latest Olympus DSLRs. . .
Pros: You want a compact and relatively lightweight general-purpose zoom lens with excellent build quality and above-average performance.
Cons: You want close-up versatility and performance., You require a lens that is free of chromatic aberration.