<p>Bill, the eternal question with the digital M Leicas is: when is it time to jump in.</p>
<p>I waited through the M8 and M9 models because I felt that the compromises were too great, considering their prices.</p>
<p>When the M 240 came out, I was more interested because Live View enabled some new capabilities, such as using longer lenses, and wider lenses without external viewfinders. I still waited quite a while until some consensus was found amongst reviewers and users about the strengths and weaknesses of the new 240 before I decided to buy one.</p>
<p>Given the high price of the M digital cameras, it is not something I will consider "upgrading" every two or three years. In fact, one of my dilemmas was whether to wait another three years for Leica's next generation, or buy the 240, knowing that I would be keeping it for a long time and not dropping another seven grand for its successor.</p>