Apparently E-P1 has updated firmware to address the slow focusing issues.
http://news.cnet.com/8301-17938_105-10354219-1.html
The quick forum consensus is a worthwhile improvement in AF performance of both the body (E-P1) and the lenses (14-42, 17mm), particularly in good light, but Panasonic m4/3 bodies and lenses are still ahead. Hopefully reviews can now compare AF between the updated E-P1 and the GF-1, along with maybe the G1/GH1 and a DSLR in roughly the same size range (E-620?).
P. S. and now Panasonic also has firmware updates to improve AF in its m4/3 bodies and lenses. The m4/3 makers have clearly identified AF as the system's most prominent weak point, and are focussed on closing the AF performance gap to DSLR's.