Another M43rds deal: Panasonic GF5 w/14-42 Power Zoom for $400
Panasonica is on the price attack! There's a new special on the Panasonic GF5 with the 14-42mm Power Zoom X lens for $400 at Groupon.com. You have a choice of red, white or black body color. If you are not familiar with Groupon, be sure to read up on the aforelinked pages. They only ship to the 48 US contiguous states, no PO boxes, and your item will arrive 2.5 weeks after you place the order, so don't buy it if you have a trip or birthday next week. There is a limit of three per customer, plus two more if you buy them as gifts for others. The Groupon promotion ends on Sunday 2/17/13 at 11:59pm ET or earlier if sold out... Research the camera at the Panasonic GF5 list of reviews.
On the other hand, for $500, you can get the Panasonic G5 with the 14-42mm kit and 45-150mm lenses. Simply add both to cart and proceed to checkout. If all is well, the price of the 45-150 lens will be automatically discounted to zero at the top right corner of the Amazon checkout page. This is the G5 with the standard 14-42 kit lens, not the power zoom... Research the camera at the Panasonic G5 list of reviews.
And if that's too much, and if you are cool with used camera gear with no warranty but a 30 day return policy, you can get used black Panasonic GF3 with 14-42mm non-X for $183~ in Used (very good condition) by Amazon Warehouse Deals (look for them as the seller!). Note this is used... Research this at the list of completed Panasonic GF3 reviews.
Speaking of M43rds, don't forget the $100 40-150mm R lens specials at Adorama in black 40-150mm R or silver 40-150mm R. Both remain orderable but they are temporarily out of stock, so don't buy if you need them to arrive immediately.
Hey, how about some DSLR action? If you are looking for an entry-point into the Nikon DSLR system under $400, Adorama is offering the refurbished Nikon D3100 w/18-55mm for $390 with free shipping. This is refurbished by Nikon USA.
For more specials, check the Camera Deals blog.