Some thoughts.
It’s 9/9/09 and Leica finally introduced its full frame digital M9. I won’t be dwelling on it here as I doubt there’s much need for, or interest in, a $10,000 camera (with lens) which comes with almost no automation, bulky lenses and a near total lack of weatherproofing. For that sort of money there are several rugged and capable DSLRs available from other makers and the specific situations in which a rangefinder camera excels are few and far between. Street snapping is probably the main genre where the r/f is most at home. A good reality check may be found here.
Leica has also introduced the X1, a fixed lens (35mm equivalent) APS-C body with a very appealing design. They deserve hearty congratulations on this as it’s not yet another rebadged Panasonic, though the premium price of $2,000 is hard to swallow. Plus you will need to add an optical viewfinder to make the thing workable in street situations which adds more cost. With v/f and with its non-detachable lens extended it’s much the same size as the G1 or GF1:

Leica X1
Note the full manual operation afforded by separate shutter and aperture dials.
So who needs this? Well, my perspective has altered significantly in the two short months during which I have owned the Panasonic G1. Having been a street snapper since childhood and having given up on film when the Canon 5D came along, I have been waiting for the ‘digital Leica’ a long time. And the G1 has changed how I think about street cameras.
In days of yore you would load up your little shoulder bag with a 35 and 90mm Leica lens, leave the 50mm on the M2 or M3 slung over your shoulder, and cram in a few rolls of film wherever you could stash them. After decades of use all the manual adjustments required became second nature – aperture, shutter speed, focus and the endless tedious changing of film in fair weather or foul (mostly foul in my London days). The results of those early efforts can be seen in all their monochrome splendor here. You didn’t complain because there not only was no alternative, no one saw digital coming. And SLRs were too loud and bulky and noisy to be an alternative for the truly unobtrusive and relatively quiet Leica M. You just learned to pre-visualize the image and would change lenses on the run to make sure the right one was in place by the time you pressed the button. And it made sense to have the right lens in place as film could only handle so much enlarging.
When the 5D came along you suddenly had medium format film quality at an affordable price with full automation thrown in. The bulk seemed modest compared to my Rollei 6003 and the ergonomics superior, but no one could accuse the 5D of being a street snapper. Landscapes, macro still lifes, portraits, QTVRs, HDR, all well and good, but unobtrusiveness is not that camera’s strong point.
So along came the Panasonic LX-1 with its host of compromises. Shutter lag, slow autofocus, an awful LCD screen replaced with a glued-on optical finder and too small to handle easily in a hurry, yet it was the best this street snapper could find at the time.
But the digital Leica did finally come along and the logo said ‘Lumix G1’.
After the first few hundred street exposures you realized that the craving for the rumored 20mm f/1.7 (now available) pancake lens was gone. I don’t need f/1.7 but I do occasionally like 35, 50 and 90mm focal lengths, much as I did in the M2/M3 film days. And the G1 went one better at the wide end, stretching to 28mm.
But it’s the total automation and that revolutionary Electronic View Finder which make the G1 the digital Leica. No need to change lenses. No need to excuse the quality of the kit lens or sensor, both small and superb. No need to wait for autofocus – in 1,200 exposures I have ‘beaten’ the AF just once. It’s that good. And as for the sensor, you may not want to make 30″ prints (who any longer makes these regularly?) but 13″ x 19″ is par for the course. And no need to set anything other than the aperture or squint into a dark finder trying to figure out what the camera is doing. The automation is outstanding and the EVF even better. In fact it’s pretty close to my wish list. Best of all, you can set the frame aspect ratio to 3:2, just like in that Leica of yore, and that’s how I use my G1.
So while Leica has done a fine aesthetic job (let’s just hope the shutter and focus delays are low) in designing the X1, I really question who needs a fixed focal length camera at such a price when you can have a more versatile tool with the same bulk for under one third of the cost? The only thing the G1 has which I have realized that I do not need is the interchangeable lens. The kit lens is this street snapper’s ideal.

Distraught. G1, kit lens, 14mm, f/5.6, 1/400, ISO100.
So yes, the digital Leica is here. It just happens to be made by someone else.