[thxbb12]

I'm positively surprised actually. Ok, the cameras are just business as usual. However, the MTFs of those lenses are looking very good, they are light-weight and compact.
the 70-350mm f/4.5-6.3 OSS is actually just as light-weight as the Leica 50-200mm f/2.8-4 but provides more reach and even a slight equivalent speed advantage at the long end.
Honestly, I think this is quite a blow for Fuji and MFT - albeit a very late one.

Indeed, from the MFTs graphs, the 16-55 seems to be the best APS-C lens of its type, both in terms of IQ and size/weight. Easily beating the Fuji for instance.

However, the 70-350 doesn't have a speed advantage over the Pany 50-200 at the long end.
The 70-350 would be equivalent to a 52-263 f3.4-4.7 MFT lens though, so it's slower at both ends than the MFT lens (however, I don't know what its aperture would be at an 200 MFT equiv focal length).

What Sony has done with their "cheap" APS-C primes is very nice too:

• 16mm f1.4
  
• 30mm f1.4
  
• 56mm f1.4
  

The 56mm is especially interesting: very compact but with very very good IQ.