The EP-5 is a very good looking camera. Even as a bit of a Zuikoholic, my head hadn't bene turned by the new Pens. This one really hits the spot in terms of functionality and style.
OK, so I would prefer an OVF, so an X-Pro 1 is still top of my wishlist. Actually, I'd love a rangefinder most of all, but the M9 doesn't really grab me. If I have to compromise off that, I'm not sure having an eyepiece makes much sense at all. I do have an OVF on my G11, but it's a bit teeny (and is uninformative), even compared to my Trip, so it doesn't get as much use as I'd imagined. So why not have a camera that can use my OM lenses (albeit as telephotos)? With the 17mm, that'd be a very pocketable machine, so long as the touch screen is about a zillionty-one times tougher and more reliable than that on my smartphone.
The focus peeking may even be something I could learn to live with, since first reports seem to be very favourably disposed towards it.
If you wanted an EVF, then there's no point at all going for an EP-5. The OM-D is much neater for that purpose. It's nice to have the choice. Personally, I think I could own an EP-5 without springing a fortune for a pricy and ugly accessory. Pop-up flash is a bit crappy, though. Almost as if they couldn't think of anything better to put in that space.
I shall have to start saving up the money I don't have and see what gets me first. In the meantime, I should make better use of the G11 I already have.