Olympus FE-4000 has a
12.0MP 1/2.3-inch (6.17 x 4.55 mm ) sized CCD sensor and features TruePic III processor. On the other hand, Olympus VR-340 has a
16.0MP 1/2.3-inch (6.17 x 4.55 mm ) sized CCD sensor .
Below you can see the FE-4000 and VR-340 sensor size comparison.
Sensor Size and Resolution Comparison image of Olympus FE-4000 and Olympus VR-340 Cameras
Olympus FE-4000 and Olympus VR-340 have the same sensor sizes so they will provide same level of control over the depth of field when used with same focal length and aperture. On the other hand, since Olympus FE-4000 has 35% larger pixel area compared to Olympus VR-340, it has potential to collect more light on pixel level hence have less noise in low light / High ISO images.
Sensor size sets the circle of confusion, so it drives how much depth of field each
of these bodies gives you at a given aperture. You can calculate it exactly for the
Olympus FE-4000
or the
Olympus VR-340 ,
including hyperfocal distance.