Ben Z
Veteran
I paid 4192 Euro for my first M8 three years ago, my M9 cost me 5500 Euro - yes, somewhat more expensive, but still in the same league. It is rather that the dollar crashed - and it does not seem fair to hold Leica responsible for that.
I paid $4800 for my M8 in July '07 and the M9 is $7000 here. That's a factor of about 1.45 vs 1.3 in Europe, so not altogether horrible by comparison. Plus, most of the price hiking took place while the M8 was still in production (last price was IIRC $5400 here), and the M8.2 came in at $6300 IIRC, so the M9 really wasn't raised very much considering it has the full frame chip and some considerable R&D. In fact it's less of a jump than there was from M8 to M8.2 and that was a very minor upgrade by comparison. Admittedly Leica did cheapen the M9 by removing the sapphire rear screen and the battery/frame indicator on the top plate.
That said, the MSRP here in the US of an all-new-design 2010 Mercedes E-class is almost to the penny what it was for a like-equipped 2003 (which was also an all-new design) back in Nov of 2002 when I bought mine. So though I agree Leica can't be held responsible for the dollar crashing, it was their decision to pass it on to the customers. It's particularly notable in the price of lenses. I know a lot of fellow Leica enthusiasts here in the US who say they no longer choose to afford new lenses. From that I have to suspect Leica has lost a great deal of lens sales in the US, but without hard figures I can't state it as a fact.