I have posted some ZM and Asph images to flicker. Same cameras, same position etc. There are real differences. The Sonnar is lower contrast wide open, more aberrations in the highlights. This is one of the things, I think, that makes it work for portraits. Completely agree with the comment above that it is pretty cool that Zeiss is producing lenses with different "looks," as opposed to charging hard for one super-corrected clinical look.
Sonnar wide open:
Leica 50 Asph wide open:
The differences at the exact plane of focus are academic, in my view. Resolution goes to the ASPH. But what makes the comparison interesting is what happens in the highlights and in the transition between the highlights and the plane of best focus.
I took the two pix above with the Olympus EP-2, At this URL, you can see a couple of additional images these images and the M9.
http://www.flickr.com/photos/14501597@N06/
When you stop down to f:2.8, the "softness" of the Sonnar (if you want to call it that) disappears. This is one of the features I like most about the lens:
50 Sonnar at 2.8:
50 Asph at 2.8:
(As you can see the ASPH is sharp enough to cut steel ingots)
BONUS TRACK:
Older 50 Sonnar in Contax mount recently CLA'd by DAG and used on the Oly with an Amadeo and Photodiox adapter:
(gorgeous)
Check out the highlight "glow" on that puppy. Zow.