Thanks for all the great advice!
Based on the info above, it looks like the DSLR is cumbersome. Not in terms of size, but the after-shot image processing with the s/w image processors.
I may shoot RAW, but most of the time, I'd like to capture moments of people and then show them off to them (my friends), without having to edit them.
I think I'd get the EP3 with external flash. It should be able to give me the shots I want, with cooked JPGs instead of the dull pics from DSLR.
No offence, but I still don't really understand why would anyone get a DSLR to get dull RAW pics?? And go through all the hassle to add life to the pics they took? This doesn't really sound like photography to me, but more of photoshopping skills?