As one of the few people who's actually handled one of these things, I can join in the chorus of 'what innovations?'
The LED framelines are an all-but-worthless bodge to get around the fact that the 'designer' didn't like the illuminating window: they come on only when you touch the shutter release. The camera is bigger and fatter than a standard M9, and the filling in of the accessory shoe and the deletion of the cable release socket show that the 'designer' (actually, stylist) rather misses the point of what a camera is for, viz., taking pictures.
As for Eleskin's "In this economy, it looks really bad though. It makes them look they are more concerned with the customers that are not impacted by the economic downturn. If they were really smart, they would have built a smaller CL like camera with an M8 sized sensor with much improved ISO for half the price of the M9. The fact that they did not is really too bad.", I couldn't agree more about 'theatre of the absurd'." It's just that the absurdity is his. Does anyone REALLY believe that Leica would build the camera he described?
It's precisely because they ARE 'really smart' that they've built a camera with virtually no R&D costs and a vast profit margin, which will sell to people who aren't affected by the economic downturn, rather than setting up soup kitchens for those poor souls who can 'only' afford a $3,500 camera. THAT WAS IRONY, for the humour-impaired.
As for 'much improved ISO for half the price', this is about as feeble a fantasy as can readily be imagined. If they could do 'much improved ISO' at ANY price, to put it into a cheaper camera would be pure idiocy.
Cheers,
R.