Oh sorry I thought your 2x converter refers to the crop factor already.
Oh don't worry about that.
Bottom line is, I'm getting this as a fun camera on top of my DSLR, it's definitely a very capable camera base on what I try out so far, and if TS has any doubt on the capability of this camera, I suggest to check out the gallery of pict from this camera.
However, there is some draw back a lot of people should know before buying it as a DSLR replacement:
1. AF is not as fast & as confident
2. Without optical view finder, sometime you're relying a bit on luck to get the frame that you want. But if you compare to P&S, it's definitely not any worse off.
3. No build in flash. A lot of people still can't live with a camera without build in flash. I can. But I did know someone who sold his 5D after 1 week because it doesn't have build in flash...:dunno:
4. Lens are limited for now, and some good lens for m4/3 is very expensive,
5. Some people didn't realise the size can be bigger then they expected when the fit the EP1 with lens other then the pancake lens, and when their wife expect a small P&S size, this ended up 'too bulky'.
If you know these up front, buy it with eye wide open, this is a very capable camera that can match most entry/mid level DSLR in terms of final image it can produce.