The two lens kit is a great bargain I am considering instead of the Pentax K100D for which you simply cannot buy the additional lens range I need at this time. To get an F2 range zoom for the E500 seems unbelievably expensive. Am I missing something?
Nope, you're not missing anything. Those f2 zooms (35-100 f2, $2,400 and the 14-35 f2, price ???- not available yet) are not practical unless you either do this for a living or have enough money thatprice does not matter.
The sensible set for many is the f2.8-3.5 combination, the 14-54 and 50-200, which is an equivalent of 28-400mm in 35mm terms,but willstill set you back around $1,300, total. Another good set is th 11-22 f2.8-3.5 and the 50-200. That's 22-400mm with a small gap that's not really an issue and will cost around $200 or so more than the 14-54/50-200 combination. I have the 14-54 and 50-200 and they are fantastic. I also splurged last year on the 7-14 f4 so now I have a 35mmequivalentof 14-400mm covered. There's also an 8mm fisheye that's fantastic and is much cheaper than the 7-14 Zuiko.
There are several combinations other than these. Go here and take a look: