Olympus America has announced U.S. and Canadian price reductions on the E-1 camera, as well as rebates on E-system lenses that are effective from May 1 through July 31. In the U.S., the estimated street price for the E-1 body drops from US$1799.00 to US$1499.00 and the rebates range from US$45 to US$100, depending on lens model. In Canada, the estimated street price for the E-1 body drops from $2399.95 CDN to $1999.95 CDN and the rebates range from $65 CDN to $125 CDN, depending on lens model.