When looking at a $3000 f1.2 lens and then at a $400 F1.8, one can easily see how a mid range F1.4 option priced at around $1600-1800 fits in between.I doubt Canon agrees that the 50mm f/1.8 is too poor.
It's only 2/3 stop slower than f/1.4, and it has IS.
I think your Leica buddy was serious -- but that's a full-stop series.
And there is exactly one full stop between f/1.2 and f/1.8.
So IMO there's no room for another lens.
But you can certainly get both -- the f/1.2 is the high-IQ lens, and the f/1.8 is the compact lens.
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