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The site 43rumors.com says that JIP is buying the Olympus imaging business. JIP has dismantled and sold off a bunch of companies over the past few years so this looks like it is goodbye.

Phone technology has destroyed the camera market but for those looking for what only a dedicated camera could provide, Olympus made some very nice stuff. They founded the micro-4/3 standard together with Panasonic. I am a huge micro-4/3 fan myself. Olympus also offered pixel shifting technology in their later camera to provide super-high pixel count in a very compact camera.

Four Thirds | Micro Four Thirds | Benefits of Micro Four Thirds
 
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