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PC Connection has the Olympus Evolt E-410 10-Megapixel Digital SLR Camera for $300 with free shipping. Features 2.7" LCD screen, digital image stabilizer, optical image stabilizer, truPic III image processor, dual memory slots. [BizRate]
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Another, great entry-level dSLR. With a 2x crop in the four-thirds system, the lenses tend to be small. The typical, two (2) lens system is the 14-42mm (28-84mm equiv) f/3.5-5.6 and 40-150mm (80-300mm equiv) f/4-6 A more costly option, but wider and faster option (at the wide) is the 12-60mm (24-120mm equiv) f/2.8-0
http://www.dpreview.com/reviews/olympuse410/
I believe this is for the camera body only, A lens is needed
Yep, body only. I was talking about the typical two (2) lens system that is added. Sometimes you can find the body + those two (2) lenses for under $600 too.
What will a cheap lens cost me?
If it's body only, it's wouldn't be a bad deal considering that it has optical image stabilizer. That should make the lenses less expensive given that most other brands have the image stabilizer in the lenses not body, no?
This is a terrific little camera. The "kit" lenses are available on ebay for very little, people unload them when they step up to the prosumer or pro grade lenses.
#5, I believe that only the E510 had the image stablilizer, not the 410, but I could be wrong - research before you buy.
In-lens stabilization has come down to be more competitive with Olympus, Pentax and Sony systems which use in-body stablization.
BTW, it's only the E-volt 500 series that adds in-body stablization, not the 400 series.