Every thing in camera equipment these days have to get smaller and smaller. Here is Olympus answer to the standard zoom lens in a small size. Panasonic have a similar model at the same price, but it hasn't gotten good reviews, so the Olympus lens have a good option
I don't expect it to be much better than the Panasonic lens, but we might be surprised when it hit the market and gets through tests.
Follow the Olympus M.ZUIKO DIGITAL ED 14‑42mm 1:3.5‑5.6 EZ at Olympus Index.