When Pana and Oly were making their G1 and EP1 cameras, the market itself is in its infancy. Now, few people are going to wait for canon’s infant system for 4 years to reach the level that Competitors like Sony, Pana, Olympus are at.
Or put another, 4 years late into the game, 4 years of possible research and development, and this is all they have to show? Surely they can’t be THAT bad at R&D. It is far more likely that Canon’s far to scared of cannibalising their DSLR sales and are deliberately crippling what could have been a market-changing mirrorless system. It’s this sort of complacent corporate mentality that will harm the company in the long run. If you don’t cannibalise your own product sales, some one else is going to eat your pie. I for one hope NEX & M43 obliterate EOS-M. If a hard-knock is what is need for Canon to wake up and actually give photographers what they want, then I really hope they will get it.