I really love the 7-14 ZD lens it is sharp and pretty much the widest rectilinear lens for the 4/3 system.
Here is a sample of the kind of image you get from the 7-14mm from around 8 inches close to the ground.

I took this at the Tillman's Ravine Stokes Forest,NJ just below the "Teacup"

I rented this lens for the upcoming 2008 Macy's NYC Thanksgiving Day Parade. I need this lens, it is the first lens to my knowledge that is F2.0 thru the whole zoom range.
I must start selling lens that I don't use. Here's a link to other 35-100 shots on my FLickr Site

Here is a pick from Argyle Lake in Babylon,NY

When the E-3 came out in 2007 the kit lens was the 12-60 f2.8 this lens is fast SWD , a fast auto focus combined with the e-3 a great all around lens to carry in your bag.

Here's a shot I took at the Holtsville Ecology Center in Holtsville,NY

Every manufacturer makes one so why not Olympus. They have a great OM Full -Frame 8mm/2.8 HUGE piece of Glass fisheye that runs for 2500 on ebay every once in a while.

So I figure I'd buy the digital version I rarely use it except for those weird shots.

I shot this one of my daughter grabbing for the Brass Ring at the New York Carousel in Greenport, NY.

I received this as a Christmas gift from my brother in law Frank http://www.frankphoto.com
If you have to travel light the the 12-60 and this 50-200 gives you a range from 12-200mm (24-400mm 35mm equivalent)
If you need a little more then get the 2.0 Teleconverter and you go up to 12-800mm (35mm Equivalent) that a long reach, now you will lose a stop with the converter but if travelling light is what you want then this is the ticket.

Here are 2 shots a close macro flower from my backyard and a sanderling at Fire Island, NY