OK, so the Olympus 35 SP arrived today! Luckily everything as described and nicely packed so everything works, a rarity nowadays. It even came with a UV filter attached, which wasn't even mentioned by the seller (he probably didn't know that), whish is awesome too (protects the lens)!
Very solid camera, a lot more heavy then I thought (625g with film in it), and a lot bigger too (L/H/W 13cm, 7,5cm, 3.2cm). Viewfinder is bright (has a blue tint to it), and is nice to use even in low light conditions. Rangefinder is also quite quick to use (camera has a small lever to focus), how accurate it is will show when I get my first pictures back, but it seems to be well adjusted. Shutter is a bit loud and sounds a little rattly, but works fine. The Camera seems to be very high quality, only thing is that a few segments (rings) on the lens assembly have a bit of play, but that doesn't effect the functionality in any way. Focusing is very smooth, turning the aperture and shutter speed rings requires a bit of force, hard (or impossible) to do with only one finger, but its quite snappy.
Loading the film is quite quick and easy (black folds open), much faster then on a Leica M for example. How good the Lens is will, again, show when I get my first pictures back. Lens is a 42mm, 7 element, 5 group, f1,7. The Camera has a self timer, but I haven't used it jet. Foldable rewind crank on the top, frame counter and hot shoe is also located on the top of the body.
The most prominent feature of this camera is that is has a optional automatic mode (sets aperture and shutter speed itself), just turn the aperture ring to the red A and the shutter speed ring all the way to the right and, voilà, its in automatic. However I haven't had the opportunity to test this yet, since this, as well as the light meter require a PX 625 1,35v mercury battery, these are no longer made. In the states you can get zinc-air replacements, however this is not as easy here in Germany. I will need to order a Weincell replacement.
Overall this seems to be a convenient, well build and most of all very capable compact range finder, there is a reason why some rate it even higher then the Leica M's. Very good as a vacation camera, also good for street photography, however a little big for that if you ask me. I also wouldn't use it as a snap shot camera a and carry it around all day, for that its just too big and heavy, however still smaller and lighter then a M. Certainly something to consider.