If you are a new-in-box shopper and don't want to deal with refurbished/used/open-box, NewEgg has a new special on the Olympus E-PL1 w/14-42mm black, brand new, with a bonus 1-year accidental warranty ("Service Net Day 1 Camera Replacement ADH Warranty Plan") thrown in by NewEgg. The bundle goes for $250 with free shipping. No coupon code. Just add the camera to cart and the warranty will be included automagically. This ends 5/21 or earlier if sold out. The warranty is not valid in Florida, New Mexico and Oklahoma (please yell at your local representatives, not NewEgg; it is likely because of some bureaucratic rules passed by the enlightened politicians).
On the other hand, if you don't need the 14-42mm lens or the bonus warranty, you can get the black E-PL1 body only, brand new, for $150 by Cameta Camera, or $160 bundled with a handful of accessories.
For a refresher on the camera, check its list of reviews.