I just posted a few hours ago in the $299 EOS thread that it seemed like a silly purchase; since Canon would likely be replacing it with a dual-pixel AF markII version.
I guess I was spot on with that prediction.
Sounds spot off, to me. Maybe I'm biased because I bought one for $299. But, if this rumor is true (it's CR1, just the new 100-400 has been for what, 4 years?), the next M will be an 18 MP minor update (T5i/SL1 sensor), and the 20 MP dual pixel CMOS will follow that...but when? And 'aimed at the FF Canon shooter' sounds like a $900-1000 camera, to me. So, $299 really doesn't sound 'silly' especially when the camera + 22mm pancake only costs $85 more than the 22mm pancake alone. That way, the next M can be bought with the kit zoom (since the best way to buy a kit lens is in a kit), and even selling the body for $150 you'd come out ahead... Or you'd have a cheap body for IR conversion - one almost ideally suited for it as any lens can be used.
Just my $0.02 (or $299, as the case may be).
Can't fault that logic. I like the idea of IR conversion, since fast AF performance is usually not a factor for IR, since the main use of IR is for landscapes.
Hmm, I'm now wondering what B&H will charge to ship an EOS-M Down Under.....