So what do we actually want? what would it take to please everybody?
-Do a fullreadout of it to 4K, to an effcient compreased codec, in a small body, no fans, without overheating
-Or have a Global shutter sensor with magically acceptable lowlight performance?
-Or have all the features of a higher end product (FF, 30mp, DPAF, 4k) yet at rebel/eos m price
-Or have tons of lenses designed, made and released before the Company even still are sure of the entire line.
All of these would be cool. I'd take the EOS M5 with the 80D sensor DR doing 4K 60p + CLOG with DPAF and high end EVF, large battery, high burst rate with a CFAST + UHSII SD slot, Plus a parallel anouncement for M lenses:
-22mm f/2 IS
-35mm f/2 IS
-50mm f/2 IS
-85mm f/2.8 IS
-18-150mm IS at a tiny size.
-A Canon EF to EF-M Focal reducer.
It's not gonna happen. Because of technicalities, some of which are actually impossible to make for Canon (ful readout 4k, 60p at mirrorless size - it fries the 1DXII and the A6300, or large battery/low consumption at mirrorless size). And some of which are marketing based. There's a rule you need to be aware of when expecting future releases. They will not releaae a better camera than a newly announced one at a lower price. Better at a higher price? Sure. 1DXII is almost the perfect photo/video camera of the planet, because they aren't limited to cutting a higher end product (well, except for the 1DC, so removed C'Log, Look, even the highest end 1DXII gets some of it)
So what do we expect?
The current M3 is a Rebel in a mirrorless body.
A more pro version would most definitely be an 80D in a mirrorless body. But not a single step above the 80D.
It will have the 80D featute set without the battery and OVF and durability, but you get in return a smaller camera and an EVF if you prefer it plus peaking and theae two are very cool for videographers when paired together)
-A new body design that's BOLD. See what Canon is doing to the lower line. They'rr going for BOLD VINTAGE LINES.
-EVF.
-300-400 shots battery vs 1000ish with an 80D (real world not cipa)
-Same 80D sensor,
-Same DPAF
-Same 1080p 60p
-Same Touchacreen
-Same two wheel dials
-Same one SD card slot
A solid entry for Canon in the Mirrorless market for photographers. It's A6300 level but a Canon, so great. The M5 wi
l be a hit. But in the videography world (aside from V-loggera) it will be slaughtered on announcement. Which Canon knows and is not making this camera for those people anyway! (hard to understand that the company could make something not for you, how could they!!)
For those still waiting for Canon to lead the low-end video market again, I am sorry. It's over.
They're trying/leading at only the 3000+ arena. And they take comfort that anything Canon has made since the 550D will allow you to make a groundbreaking film if you have the talent for it.
No the M5 will not be the revival of Canon video because it has an EVF and peaking. It will have no more the 1080p, no more than 60p, normal quality video that's a little soft with hints of aliasing. Again, just like the 80D. It will not be the revival of Canon lowend video many are waiting for, but it will be a camera that can produce some awesome video/film nonetheless, in the right hands. The 80D is making a very high success in video and the m5 will top it off with an EVF and peaking. So fine really.