I do agree with you, that the Canon 40 pancake delivers very nicely on price/value. I still do not see a reason for an EF lens to be built as a pancake though. Other than triggering "oh is this cute" reflexes. Had Canon built it the size of a 35/2.0 or 50/1.8 ... and we might have gotten an equally good and reasonably priced 40/1.8.
Zlatko said:
The other thing about asking for "fully competitive, bleeding edge" products is that they are very costly, and whenever they are introduced, people complain about the high cost.
Bleeding edge? Some examples for me are
* Nikon D800. Way better than the 1Ds III and the Nikon D3x at 40% of the price.
Better than the 5D3 but $/€ 500 less. I have not heard Nikonians complain about the D800 price.
* Nikon AF-S 35/1.8. Excellent image quality. Small price.
* Nikon AF-S 85/1.8 bleeding edge image quality. Very affordable.
* Nikon 14-24 bleeding edge performance. Reasonable cost ... similar to the inferior Canon 16-35 II.
Canon? Bleeding edge? Yes some: superteles, TS/E, 70-200/2.8, possibly the 24-70 II ... definitely all bleeding expensive. Wide angle lenses? Not one.