I agree to some extent. The Nokton is slightly short to be a bokeh-machine, or at least that's my conclusion. Comparing with the Zuiko 50/1.4 on my Olympus OM-1n, there is a big difference in bokeh that I belive to be of these factors:
1) Shorter near focusing limit, ca .45 meters (1.5 feet)
2) Longer focal length with same aperture.
3) Different construction: larger diameter, larger lenses etc.
I was a bit disappointed about the bokeh on the Nokton, I thought it would be much more of it at f/1.4 and f/2. On the other hand, bokeh is really not what it's supposed to do: it's a fast 40 mm, perfect for indoor reportage, portraits of people in action etc. A little wider than 50 mm, to fit in tight situations, but still very fast and not as large and heavy as a 35/1.4 or 1.2.
Look here for a recent and decent shot with the Nokton:
http://blog.hform.se/article/91/think-box-1
There are some more shots on the blog with the same lens like this one:
http://blog.hform.se/article/85/mono-in-mono
Look here for an example (albeit not the best) of the bokeh of the Zuiko 50/1.4 at a distance of about 2.5 meters and around f/2:
http://blog.hform.se/article/81/kaf233-marmelad
Quite a difference, methinks.
The Nokton is not a super creamy bokeh machine, but very useful and nice lens in all those situations were you actually want the backgound to be a part of the pic.
🙂
*h