THe final cost is the final cost and I bought an MM because it wasn't a one size fits all camera and didn't have all the stuff I don't want or use on it. The fact the Leica M used to be over twice what the top of the line Canons and Nikons were and those two are now about same price as Leica makes me wonder which is really overpriced but no one seems to think the only ones dumping 7k on one of them is rich. You are right I would never buy a camera that heavy and with all that automation on it. And those looking for the one size fits all with all the bells and whistle can't get there heads around an MM. But they are about the same price. And yet the Leica owner is the rich boy or poser according to some. My point is there are posers with those big white lenses just like there are those with any brand that wear them like an accessory.
Exactly, the issue doesn't necessarily center on the comparative expense account for the cameras' guts, but on the final price. The digital M, which is Leica's top end full frame 35mm camera, cost around the same as Nikon's and Canon's top end full frame 35mm cameras.
Yes, I think we all get it; the DSLRs are jam-packed with goodies. But those goodies are irrelevant if you don't need or want them. In the end, no matter how sophisticated and electronically equipped a DSLR is, it will never be a rangefinder. And if one needs or wants a digital rangefinder, the only current option is the Leica M series, and this uniqueness itself constitutes a notable premium.
The point is that someone paying more than US$6,000 to US$7,000 on a DSLR, or one who sees such pricing reasonable for a high-end camera, is really not in position to then paint Leica owner's as chic-driven show offs enslaved to conspicuous consumption.
Moreover, if someone wanted to showoff their goods in a way that's going to attract the general public, not just other photographers, are they going to hang a rangefinder around their neck or a large DSLR strutting a huge telephoto lens?
One would have to be drenched in immeasurable levels of naiveté to think that a good number of photographers don't, in part, buy large DSLRs to flaunt as some type of a suburban status symbol. In fact, numerically speaking, the number of people who use their DSLRs as jewelry is likely much higher than those similarly using a Leica for no other reason than the limited number of Leica users altogether.
But here's the thing, it's not the camera's fault how it is used, abused, or appropriated. If someone uses a Leica or a large glaringly white L lens to announce his or hers materialistic triumphs (and yes, this happens!), it doesn't suddenly render ALL Leica's or white L lenses as ineffectual decoration.
Yet, it just seems that certain people too dismissively target all Leica's as just the accouterments of the ostentatious, as though the cameras could serve no other purpose. To be sure, for such criticism and negative perception, Leica is partly (largely) to blame, as it does push and profit well from its boutique persona...and many of its limited editions even raise the ire of some of the company's most loyal customers. But again, does this mean that a digital Leica M is just a superfluous luxury item that holds no practical value to an earnest photographer? Of course not!
But as always, it gets a little more complicated. The guy flaunting his Leica or John Holmesian L lens might also use these accessories to photograph, and possibly even photograph well. Fashion and industrial design are not mutually exclusive of functionality, and while this might come as a shock, some people, for example, will buy a certain car because a) it will get them from point A to point B, and b) it looks good.
Yes, Leica's are expensive, and yes, celebrities are drawn to the company's name brand (also its small size I would figure), but the Leica M is ultimately a camera, and for those seeking a digital rangefinder, Leica is the only answer (outside the older Epsons). And as long as Leica is the only company making a full frame digital rangefinder, I would argue that in this sense, and perhaps only in this sense, Leica matters.
But really, all camera companies matter, because they provide choice, and diminishing choice is seldom if ever good.