 | Small screen  | | 2.5" |  | No image stabilization | | Risk of blur |  | No touch screen | | More buttons |  | Slow continuous shooting | | 2 fps |  | Fixed screen | | Less flexible |  | Manual focus only | | None |  | Lacks in-camera panoramas | | You could stitch photos in post |  | Lacks in-camera HDR | | You could do HDR manually |  | Sensor type | | CCD |  | Very expensive | | $6,999.99 |  | No built-in flash | | Professional |  | Very short exposures | | 8 seconds | |  | No movies | | None |  | Very low resolution screen | | 230k dots |  | Narrower dynamic range | | 11.7 EV |  | No weather sealing | | Need to shelter it from weather | | Manual focus only | | None |  | Doesn't take 3D photos | | No 3d support |  | No live view | | Preview with viewfinder |  | Old | | September, 2009 |  | Lacks boost light sensitivity | | None |  | Lacks a self cleaning sensor | | May require cleaning |  | Very heavy | | 585 g |  | Slow shutter speed | | 1/4000 of a second | |
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However, one can't deny that the whole Leica system is quite expensive, bodies and lenses.
And the quality of the Leica lenses is so good, you just have to see them to believe. But if you don't have the money (or just don't have the patience to save for a M9 like I did) you should go for the best camera your money can buy. That is IMHO always the best you can do. But please don't bash people who have a Leica.
But there is one thing the specs don't mention, and that's the fact that this camera is, in fact, capable of using the Leica Noctilux lens, which is the only f/1 lens in existence aside from Medium Format lenses... the problem is that the lens costs more than the camera (about $10k).