A few things people are talking about confuse me.
Firstly, if Canon produce a higher MP 5D then it'll have to be more expensive than the 5D3 (as not to annoy people like me who have just bought one). Then they'll have their own version of the Nikon D800 that costs twice as much so nobody will buy it.
Secondly, if Canon produces a FF camera that is cheaper than the 5D3 then it'll have to be a lower spec. Say that of the 5D2. But Canon already have a camera the same spec as the 5D2... the 5D2. So why spend millions in development of a new product that replaces one they already have when they're going to sell it at the same price?
Because the 5D Mark 2 is a 3.5 year old camera. It isn't new and it isn't compatible with Canon's newer accessories.
For example, the 5D mark 2 does not hook up to the new GPS adapter.
Secondly, the sensor is old. A newer sensor would allow PDAF with (for example) the 40/2.8 IS STM in live view.
Need I continue?
Interesting points, Dilbert but it still feels to me like a lot of work and cost to Canon to fill an awkward gap in the line up that perhaps doesn't really need filling... or at least may disappear in a year or so when the 5D3 price starts to drop or the 7D2 comes up from the rear.
Although the 5D2 is getting on a bit the IQ does still fits between the 7D and 5D3. Just my thoughts anyway and you're of course entitled to your own. I do however think compatibility with the latest accessories is a valid reason to end the line... or at least push out a firmware update.
1) How do you know the 5D3 price will drop? Afterall, the 5D2 price never dropped very much. What if in 2 years the 5D3 is still over $3000?
2) What if there is no 7D2?
Imagine that you are shopping for a camera. Amongst your choices are a $2200 camera that is over 3 years old. Scattered around it are newer cameras with more megapixels and better IQ. Just how attractive is that 3 year old camera really going to be?
Sorry to disagree with you, i feel Ayelike has some valid points and you are not addressing them :
1. I suppose he says why anyone will buy a new camera if it will have so similar specifications to 5D2 (the GPS adapter and PDAF alone are not sufficient in my view) when the competition has a new camera with better specs at lower price?
No, alone they're not sufficient rather they're low hanging fruit that are indicators of the 5D Mark II being from the previous generation of Canon DSLRs. Out with the old and in with the new.
2. Why would anyone buy a Canon 5HD at double the price of D800, or if Canon 5HD is less expensive, why is 5D3 so expensive?
In general you are discussing why someone would buy a new vs. an old Canon camera, but you are totally disregarding competition
You're the one that attached a price to a higher-MP 5D, not me.
Otherwise, the point about the competition is absolutely right.
It would seem that in the 2nd half of 2012, both Nikon and Sony are going to release new full frame cameras that will most likely be better than the 5D Mark II and either at the same price or cheaper. At which point the 5D mark II loses its competitive advantage (price) and needs to be replaced.