Panasonic has already jumped into the Micro Four Thirds market with the Lumix DMC-GH1. That camera got most in the digicam community excited about the standard that promises interchangeable lens on a smaller camera that’s equipped with an DLSR sensor. Now, a report suggests that Olympus is finally prepping a camera based on that standard. Too bad that we don’t know if the model will be based on the breathtaking retro concept seen previously.

All we know comes from an AVING.com post that claims an Olympus Micro Four Thirds camera will be released in July, which is what we heard previously. Of course there isn’t any mention of the price or model details. If Olympus knows what’s good for ‘em, the model will follow the same styling cues set forth by the throwback concept. *fingers crossed*