Here's a pretty sweet budget camera deal courtesy of Walmart. While quantities last, you can pick up the Olympus PEN E-P1 DSLR Extreme Value Bundle on sale for $248 EARN CASH BACK -- down from $428 and a good price if you're looking for a camera that's a little more advanced than your average point and shoot. The bundle comes with the following:

• Olympus PEN E-P1 12.3MP Digital SLR
• 14-42mm Lens
• Olympus FL-20 Electronic Flash
• Olympus Mini Backpack

Though discontinued, the E-P1 still offers very good performance at an affordable price. Because its a micro 4/3rds camera, it's not as heavy or bulky as full fledge digital SLRs and the in-body image stabilization is a great, and often overlooked, feature for photographers new and old.

The deal is live now but, as a clearance item, quantities are very limited. If you hope to score a bundle, you'll want to place your order when you get a chance.

Don't forget to checkout using the green links above to earn Cash Back on your purchase via RedFlagDeals.com.