The Olympus Camera Elves come out during the weekend it seems, because now there are three different colors of the refurbished Olympus E-PM2 body only going for $148 at the GetOlympus Official Store. They come with a 90-day Olympus USA warranty. AS of the time of writing, all three colors (black, red, white) are in-stock and shipping.
When you page further down the GetOlympus Official Store, there are two more cameras of potential interest:
+ refurbished Stylus SH1 fixed lens camera for $240
+ refurbished Olympus E-M5 (first generation) with 14-42mm II R for $400