Rumors and photos of an alleged Olympus E-430 have surfaced on the web. The E-430 would most likely serve as a step-up to the outdated E-330. If this is true, it may be a sign of things to come for the E-410 and E-510 successors. Interestingly, the E-430 would go a long way in bridging the gap between the E-330 and E-410. Maybe Olympus has the idea of consolidating its camera line? Other than the unique body design, some of the headline features are as follows:

• New 12MP Live MOS sensor and TruePic III processor
• CCD-shift image stabilization
• Live View
• Flip-out and up 2.5″ TFT LCD monitor
• Faster USB interface (‘real’ USB 2.0 speed)
• Wired remote option
• Slightly higher continuous shooting frame rate and larger raw buffer

Stay tuned to this page for the latest news and rumors on the Olympus E-430.

Updates

2/18/08: Camera Town reports that this rumor looks like a hoax.  I tend to agree.  Read the post on Camera Town for more.