Being skeptical, I thought all those armchair reviewers with high expectations has created enough hysteria to hurt sales resulting in great camera being sold at $300.
Upon using it for 15 minutes, here is my first impression:
Situations where this camera (+ 22 f/2) is awesome:
Combination of Small form + Low light + patience
For people buying it as a sole high quality camera:
Bound to be frustrated (esp. if shooting RAW) due to shot capture time and time between shots. iPhone 5 is way better in this regard than EOS M.
See, missed moment = no shot
so low quality iphone shot is better than no shot.
And you WILL miss shots with this.
For people buying as a backup:
Even if you got $300 deal, you will need to plunk couple 100's for accessories to be able to make it usable to the level that you have 1 shot every 3-5 seconds or more!!!!
Much better to buy a used 60D instead.
Now, I am not going to bother to spend any dime on accessories at all.
IMO, its oxymoron, as with anything except pancake M lenses, you loose for form factor. So what are you achieving by plunking $$$, a seriously crippled 70D alternative for same price and form?
Am I happy with my purchase:
Absolutely YES. It can create some great images for certain types of photography or if you have patience and time. While you will miss some images, its still better as
no camera = no images and this is definitely daily pocket/bag-able.
That said if I require speed I am likely to reach for iphone rather than risk with this.
I would be really furious if I had bought it at full price. So, its easy to understand why this thing did not sell.
IMO, Canon should fire the the person who approved the premature marketing of this product resulting in dent in brand image. Its not ready even now! EOS M II should have been a launch version!!!
I likely won't ever be reaching for my iPhone (5 as well) when this camera is with me. I get 6-7 frames in RAW @ 4fps in continuous mode before it slows down - that's not enough for a small camera like this? I've been frustrated with the AF/metering/etc significantly more with my iPhone than I will be with the M.
The only thing that has really frustrated me with this camera (post firmware update) is the slow frame rate in servo mode, but now I know to take one of the other cameras when I need to fire off several shots with AF in between. Otherwise, I couldn't be more happy with the purchase.