I would say that the camera is good, However there are some serious conditions to this statement. Firstly the current Leica systems seem to be suffering from exceptionally poor quality. This statement is made from the position not of final engineering design, but from a manufacturing quality control position. My personal experiences, the early decisions the company made in an effort to get to market quickly, and the anecdotial evidence provided in reviews and forums all lead to the perception of an organization that is not able to consistently provide quality prodcts out of the box. My personal experiences have included 2 non functioning, or partially functioning M8 bodies, (non functioning leds, and Sensor level issues) and 2 lenses needing servicing (improper focus and loose internal components). While a statement like this will likely lead to some negative replies, I am quite comfortable making them. Years ago I worked on the development and manufacturing of the worlds first true digital SLRs (specifically in image quality assurance) and had seen and read similar scenerios as we struggled through our early development almost a decade ago. I understand the intracies and pitfalls in boutique camera manufacture and am seeing and hearing things which bring be back to the early days of the DCS520.
It is important to realize that Leica is in the position of having to build technical competancy in imaging science and electronics design from the ground up, not an easy or quick activity. Leicas first choice was to find an external manufacturer to manage the design and manufacture of the M8, but for some reason that plan never materialized and they decied to build the competancies in house. Given the long history of M camera manufature and leicas expertise in such, there should be next to no instances of rangefinder focus issues or lens calibration issues, however the forums abound with threads containing rants, pleas for help, or at home fixes. This is a clear indication that the manufacturing processes so well understood are under significant pressure (time, finance, staffing, etc.). So is it getting better? I would imagine so. The pressures of continued negative press and public customer angst all have a real effect on a low volume product and its abliity to support a loyal customer base. The experiences of the manufacturing and design failures also will only serve the future better, as mistakes are often the best teachers and motivators. I would imaging that the regular senior leadership shakeups have some significant links to these issues.
I would like to state that despite my problems with the M8 system i truly love the tool. The ability to slow down, frame a shot and metiticulously move toward image capture are a wonderful support for high quality photography. This is a camera that by its design makes snapshooting difficult, and makes well thought out composition exposure and capture the rule. Some decry the heavy noise (and lets be honest, it is heavy at all iso's), but I find it to not detract from my images in any way (remember in the film days when grain selection was a attribute that played a part in the film choice and image capture process). Overall i do not know if i would buy another M8 if I had to do it all over again, but I do truly appreciate the camera and its very unique functionality, it brings me back to the sort of photography i have been missing since the advent of digitial.