my first camera was the e-400. it was a simple camera, and i learned everything i know about composition on it. just be aware of a few things i ran into once i started exploring more creative photography
-no bracketing function, so i wouldn't expect to do HDR with it
-LOTS of noise in lower light conditions when you merge the pictures together in HDR, even with ISO200
-the viewfinder was a bit tight for me (i wear glasses when my contacts aren't in) and I struggled to compose some photographs
but on the plus side, it is durable, built in IS (although i'm not sure about it's effectiveness, i'd say -1 shutter stop at most), simple, attractive, quick start up, light but sturdy, and not intimidating. if you are just getting started, there is nothing wrong with it. but i can't justify keeping it and building on it as long as say a D40 or a Rebel XS, simply because of the lack of lenses and lack of features.