Olympus has unveiled a redesigned and more affordable edition of its M.Zuiko Digital ED 75-300mm f/4.8-6.7 Micro Four Thirds lens. Equivalent to a 150-600mm optic in 35mm terms, the Olympus M.Zuiko Digital ED 75-300mm f/4.8-6.7 II is now styled to match the distinctive OM-D E-M5, as seen in the photo above. Benefiting from “new and advanced” ZERO lens coating, the new version retains the MSC (Movie and Stills Compatible) auto focus mechanism, extra-low-dispersion and high-refractive-index lens elements and circular iris diaphragm of its predecessor. Weighing 5 grams less than the older model, the new edition carries a much more budget-friendly MSRP of £499.99 (the first version cost £799.99 at launch).