The new PMOS apparently a new take on CMOS pixels and how they work on a camera sensor. In the Kodak PMOS the underlying polarity of the silicon is reversed, so the absence of electrons is used to detect a signal. This works the opposite way that normal pixels work: which instead detects electrons that are generated when light interacts with the sensor surface.
In addition to this, a new CCD sensor is being developed that, according to Samsung (as noted in the article), only uses 1/10th of the power that a regular CCD sensor uses: which means an insanely long battery life.
For current Olympus (and Panasonic) users, you can be glad to hear that the new sensors are focused on low-light photography, speed and HD video capabilities. However, we can still only just wait to see the results. When the Live MOS sensor was released it promised better low-light capabilities. In truth, it couldn’t match the capabilities of Canon or Nikon. Further, that isn’t a totally fair statement because of the fact that the sensor is smaller in size.
The new PMOS sensor could be what we see in the higher end pro camera models.