After having recharged exhausted batteries the camera does not turn on anymore. Just the green light on the top of the camera blinks and a beep rings. Does anybody have the same problem ? Do you know how to fix it ?

I've the same problem, the camera have this malfunction many time, but i usually resolved in following empiric way:
pop the batteries and after few seconds push the batteries, open the camera to make a photo and switch the button to make a photo, try many times and the camera magically relive....
for a year this is a good solution but now nothing to do...i thing is a bug of this model.

I have the same problem and I read elsewhere that there's a well known bug in the battery/power management software. I received a quote yesterday of £110 from Olympus to fix it.

Alessadro, thanks for the advice. Do you mean take out the batteries and put them in again and then try to take a photo and after several tries this works? Any solution would be great, I'm just not clear on how you got it to work. Thanks again!

Same or similar problem except mine has jammed open. It is 2 and a half years old and Olympus want £111 to fix it so I'm shopping for a new camera! Unless of course, anybody knows how to fix it or someone who can. Can't understand how it can cost so much to repair but I won't be buying another Olympus.

My camera did the same thing. It just died in Dubrovnik as my sister was walking down the aisle. AGH! So I've bought a Fuji. I reckon the micro switch when I open the front door is faulty. Not a happy camper and won't be buying another Olympus. I'm shocked at the prices you guys have been quoted. I didn't bother to leave mine in anywhere I did well not to smash it to pieces and fire it into the sea.