Regardless of names, this thing looks amazing! Just from the picture you can see the flip out (and I am assuming rotational) viewing screen, the pop up flash and the 12-60mm lens.
On top of that there is an additional extended battery grip attachment, and possibly dual xD card slots as well as a CF card slot. The lens apparently uses the Four-Thirds lens mounting system which means Panasonic lenses should work as well.
They said earlier they were going to release a successor to their top-end model, is this it? Regardless, no other details are available except that it might be available in November.
New Olympus SLR pictures sneaking out [via Crave]