After some time deliberating, it was the ever present restrictions of cost and availability which made me choose the Zuiko 14-54mm f2.8-3.5 II zoom lens as my Christmas present this year.
I had originally wanted the Zuiko ED 12-60 2.8-4.0 SWD zoom. It has been getting rave reviews and seemed to be the perfect standard zoom. However the cost prohibited the purchase. At between £700 to £800 it was just too much.
So in the end I went for the slightly cheaper 14-54. this is currently shipping at about £520 but a company in Scotland was shipping them out at £380 through EBay. I ordered one and it duly arrived. Brand new, in a box that had not been opened it is a good piece of gear