Skyllaney will modify the Canon 50/1.5 for close-focus. This involves machining out an internal groove, much like the one shown here- but far deeper in the mechanism.Nice results, Brian. Now if you can make Canon "Sonnar" 50/1.5 focus closer - THAT I would love to see. I too did a mod on a Nikkor LTM 5cm/1.4 a while back and it made it for a much more versatile lens. See here :
http://www.rangefinderforum.com/forums/showthread.php?t=73271
I wonder if there is a way to do the same for a Canon 50/1.5?