DP-Now are reporting that the price of the Olympus E-1 at the UK’s largest photography chain, Jessops, has just been rather drastically reduced.

“Olympus had set the suggested retail price of the price of the E-1 body in the UK when it was formally launched on 24th June. That price was ?1699, including VAT, but without a lens.

The Jessops price is now ?1819 including VAT, complete with the 14-54mm (28-108 equivalent) standard zoom, just ?120 more than the original body-only price. The lens in question is definitely no budget cheapie…”

Website: DP-Now - Could the Olympus E-1 price be coming down?

UPDATE Tues 26 2003
DPReview have just published some US street prices for the E-1 body only and lenses, as supplied by Olympus USA. The E-1 will cost $1799 body only, the 14-54 mm F2.8 - F3.5 lens $499, the 50-200 mm F2.8 - F3.5 lens $999, the 50 mm Macro F2.0 lens $499, and the 300 mm F2.8 lens a whopping $6999.

Website: DPReview - Olympus E-1 US Pricing