Back to basics: £3500 for a digital Leica, compared to other high end offerings from all the usual suspects is not a bad price. BUT you can get a real, new film Leica (The M A) for £3600. Well now that does seem pretty good value: all that high quality engineering for what in today's landscape, is a very reasonable sum, and of course for life long users there are no compatibility issues with all those "legacy" lenses. Now `i wonder what made the very smart Chinese innovators get around to producing a 35mm lens for around £200? This means that you no longer have to search around for old Russian lenses for new inexpensive Leica bodies. (or of course you can hunt around for s/h Summaron 35mm lenses which are frequently excellent value. Anyway the idea that Leica are substantially overpriced is something of a myth when compared to the competition.