... If a M8 cost $4750 new, then used in exc+++ condition it is going to sell for ~ $2200 (even if never actually used).....
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I bought my exc +++ M8 more than a year ago for $2200 and it still seems to be worth about the same. I have no desire or need to have the latest and greatest, and am willing to be "one-step behind" and take advantage of the new model introduction to move up one step. So, if the M10 is real, I just might be looking to sell my M8 (hopefully for about what I paid for it) and get an M9. I wouldn't and didn't want to pay the price for a new M9 (or a new M8 for that matter) when they were introudced, and would certainly not for the M10, which will command an even higher price. I have not had any problems whatsover with my M8 and have been very happy with it, despite all the negative problem reports that abound, and that mine (thankfully) doesn't exhibit. The main reason I would move up to the M9 is for the full-frame, and secondly for the higher resolution. All my Leica glass of course is still there and perfectly usable, and I could even sell all my UV/IR-cut filters to boot!