^ WRONG
1. Bigger body is an advantage that is why DSLR's are big. It is possible to make full frame cams with small bodies ex Leica M9 (interchangable lens) or Sony RX1 (fixed lens). Bigger body helps in balancing the weight of lens that is why bridge cams have bigger bodies
Point and shoots start from 5k and upto 20k they all have the same senor size. But huge difference in quality.. Also marginal difference matters if two products are available for the same price.
OP will have to buy a 200mm lens... which makes it out of budget
F/2.8 will still be faster than f/3.5
1. Bigger body is not an advantage its a necessity, take a look at D3x or any full frame sensor camera.
2. IQ in 16~20k camera range is almost the same
3. This also depends on camera sensor crop factor. So infact 14-42mm may seem less, it is actually ( 14x[crop factor] - 42x[crop factor] )mm
Leica M9 is more biased towards proffesionals / fans and offers very very good low light performance ( thanks to CCD sensor ) but this is what dpreview has to say :
"
The M9 is Leica's first 'full-frame' digital rangefinder, enabling the use of most Leica 'M' series lenses at the originally intended field-of-view. The 18MP CCD sensor is fitted with a filter that avoid the M8 and 8.2's need for lens-mounted UV and IR filters. It retains the classic M series look and build quality while promising a no-compromise approach consummate with its not-inconsiderable price-tag. While beautifully engineered and undeniably capable as a photographic tool, the M9 understandably lacks some of the digital sophistication offered by more mass-market products and its sensor isn't a match for the latest CMOS designs in low light. Its lack of anti-aliasing filter enables it to capture astonishing levels of detail at lower ISO settings though.
"
whats the point of buying this camera? it doesnt even offer
basic DSLR sophistication yes so the
SIZE is a necessity then to provide all camera functions.
And what about the changing lenses...and no macro mode ...and cost of lens other then default one ....do u really think everyone wants them.
A person having 16k budget will loose too many things with a EPL1 compared to a superzoom cam...but if he can spend twice more later then he is eligible for DSLR and m4/3 world
the e-pl1 has a macro... ? thats true the only reason for suggesting a micro-four thirds is for the sheer image quality. The IQ difference is phenomenal and i think that can compensate for the fact of not having a telephoto zoom.