They are touting the new electronic stabilization mode in the Scene mode parameters quite heavily. It is the combination of an oversized chip with extra pixels for image movement and some apparently heavy algorithms (reps words, not mine). It clearly ups the ISO as well but the noise is very well controlled. I think that Oly is beginning to get a handle on their noise. A note: the ES mode is only in the scene modes and does not have much in the way of manual ability and discontinues the continuous autofocus drive. So it is not to be used for sports action, apparently. It did work surpisingly well so I won't discount it entirely, but it is not available as a constant option, unfortunately. I've never used IS for more than one or two shoots in the past 9 years, so I really have no stand one way or the other, but I know there are a lot of photographers out there who swear that you just don't have a serious system if you don't have IS. I think that idea is lame, of course, but Oly appears to be experimenting which is all I ask of them right now. They DO continue to put out cameras that take phenomenal images and no one can say otherwise. And really all that matters, in the end, is the output.
Anywho, I hope this wasn't a whole lot of nothin' for you all. Personally, I liked the camera a lot and was pleased to see that it wasn't a lot of hype but was in fact the real deal.
