I don't know where you have been or what information you are reading & from what sources because samples have been put up on the web of JPEGs (& RAW files) from the E5 in some places without any noise filtering applied to show how much improved it is without it & how clean it is when properly applied as you would for any other camera & the critics come out of the woodwork to run it down as much as they can citing those images as the end result. Thankfully, there are those that can apply some open minded appraisal/review of the camera from a few magazines & other web sites (so far) with some high praise for the E5. I wish I could get one.

Robin Wong has really shown how good the E5 is & has put a series together for the camera in his blog http://robinwong.blogspot.com/