The EM-5 blows the other two away. Speed of focus is the first reason...the NEX-7 is not as good, the Fuji is horrendous.
Secondly, the 5-axis IBIS (on-board in-camera image stabilization) is an incredible advance in the video and still-taking world. I shot video with it at full-telephoto (50mm with my Olympus 12-50mm kit lens), and the video looked like I shot it with a Steadicam (and I'm a retired Director of Photography, with multiple international awards, who's actually shot with a Steadicam). Note that this was while shooting hand-held, with no object to brace against.
If you want a small camera, the E-M5 is the best combo combining a small camera with small lenses. The NEX-7 will saddle you with poor lens choices, and gigantic boat anchors on the front of the camera.


