SwampYankee said:.. a 2.5 with 1/2 frame macro, and sharp, for $500 was a good reason. So I bought one of those too. I'm really hoping for a hyper-sharp 1.4 with IS that does not break the bank.
I moved into the EOS system almost 10 years ago, and have been waiting for Canon to update the 50/1.4 all this time. Glad I haven't been holding my breath. I also have the 50/2.5 CM (I must be a SwampYankee, and just didn't know it ...), although I paid a heck of a lot less than $500 for it. I bought it specifically for a product photography gig, and was satisfied enough with it to keep it. The buzzy AFM focus motor is an amusing departure from the ring USM rigs in all my other lenses.
I used to own an 85/1.8 and loved it, selling it only after getting a 100/f2.8L IS Macro. I didn't know that the 85/1.8 was released a year before the 50/1.4, and was surprised to learn that. Makes you wonder why they put that weird quasi-USM motor into the 50/1.4 in the first place.
If Canon ever produces a 50/1.4-2.0 with true ring USM, I'd be willing to pay up to $500 for one, and would probably sell my 50/2.5 CM once satisfied with the new glass. I don't care if it has IS or not, although I agree with many here that it probably will. I also realize that to get one for $500, I might have to wait a while (years) for the price to come down. But not having one in my kit really isn't hampering my photography any.
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