Cameras with more dynamic range allow you to take photos with dramatic differences in highlight and shadow areas while retaining detail in both.
Think of a brilliant sunset on a rocky beach: Bright sunset in the background, with dark rocks in the foreground. High dynamic range means more of the extremes will be faithfully reproduced.
Dynamic range test data courtesy of DxO Mark.LX100 test data on DxO Mark E-P3 test data on DxO Mark
Extremely fast autofocus; Pop-up flash and AF-assist lamp; Full HD recording; wisely limited focus for touchscreen; excellent print quality results; removable grip.
Larger than some competitors (see E-PL3 if you prefer a smaller camera); strong noise suppression; touchscreen easily activated by mistake; list of options is overwhelming; shoulder strap D-rings are noisy.
Very good image quality; Great performance in most respects; Bright zoom lens with good macro performance; Photographer-friendly body easily fits in a coat pocket or small bag; Roomy, high-res built-in viewfinder; Decent battery life
Won't fit in a pants pocket; Relatively low resolution by modern standards; Zoom lens has only a modest telephoto; Soft corners at wide or tele positions; Aperture dial is too easily bumped; Bundled flash is fairly weak