I think so. I'm fond of the system. Body shouldn't be but $100 or so, unless you wanna get the one with the big finder (that's rather more) but the Nokton I've seen go for more than $150. Sadly, you are competing with folks that buy 'em and turn 'em into LSM (KEVINCAMERAS.COM, for instance).
The Nokton is great. The 50mm f/2 is better, and completely contemporary, with the standard "single coating" exception.