alt Hacker NewsFWIW, Olympus spun-off/sold their consumer camera division. It's now operating as OM System (1) and has released a few new cameras over the past few years. As the article mentioned, the latest is the OM-3, which is sort of similar form factor, but not exactly compact. They also have the smaller Pen EP-7, but it's not available in the US (though they're readily available on Ebay or via KEH etc). I bought an EP-7 for an earlier Xmas gift to myself, but haven't had much change to use it (previously had an EP-5 and E-M5ii).
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Meh, I love my Olympus cameras, but I wouldn't call the latest models exactly small. The OM1 is pretty huge, even though it's smaller than the ridiculous Panasonic G9. I think it's close to the Sony a7 line and the canon r6, which are full-frame. Of course, if you're into long lenses, it wipes the floor with them, if the compromise works for you. On the wide end, the advantage isn't as clear-cut, though nobody else has anything comparable to the 8-25.
What I'm hoping to see is a new penf. When it came out, they somehow managed to cram into that small body almost everything the em1 had at the time. The om3 is pretty small, too, but for some reason they decided to keep the faux-pentaprism bump. It would have been great if it had the viewfinder to the side.
They are no Pentax Q which is ridiculously small and maybe not the best design lens / shutter wise as a lot of the in-lens shutters seem to fail...