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.
How is paying $300 for a mirrorless with DSLR IQ and a small, fast, and by all accounts, sharp prime silly? That there would be an improved successor is blatantly obvious. But you're the Man.
In my opinion the EOS-M is not worthy of its price tag due to its poor AF, even at $299. Opinions vary. And people can buy in to first generation gear; it's their money - their choice. They know the risks going in. And when there's a fire sale, it's pretty telling that the new technology (ie, dual-pixel AF) just made the previous generation obsolete.
Don't be mad.
Cheaper than my 600$ iPhone, more portable than a 5d that's why I bought one. I can make decent photos with an iPhone and better ones with a 5d but I get nervous walking around with my 5d I won't cry as much if my 300 dollar camera gets stolen. So congrats to the happy people that got a great deal on a great camera!