I've been using an M5 as my primary camera since it first came out. EF equipment gone. Large set of Fuji X gear gone.
"We're expecting a new M5 update soon" or something along those lines has been a constant refrain on the internet for a year now. And here it is - again?!
I also don't see any non-variable-aperture zooms. I do give Canon credit for the 32mm lens, I have it, and like it. But it's basically the only really good EF-M lens issued during the TWO YEARS since the M5 came out. The 22 and 11-22 are the other two good EF-M lenses IMHO, having also had some of the others. Otherwise use EF lenses on the adapter, which sort of defeats the whole purpose.
So: I just took a three week trip with my new Nikon Z6, and it works so well and takes such nice images with the 24-70 that the M5 has gone into storage. Does the Z6 seem a bit large and heavy compared to the M5? Sure, but not that bad, and not in the same league of large-and-heavy as going back to a 6D and 24-70L. (And, for me personally, the Z6 was instead of a Canon R, which IMHO is under-featured, over-priced, has strange throwback controls, and the 24-105 lens is large and heavy.)
Anyway, the M5 may or may not come out of storage again. And I am starting to have trouble caring any more if an updated model is coming.