Showing posts with label f/2. Show all posts
Showing posts with label f/2. Show all posts

Friday, December 18, 2015

Canon EF 70-200mm f/2.8L USM Telephoto Zoom Lens for Canon SLR Cameras

Canon EF 70-200mm f/2.8L USM Telephoto Zoom Lens for Canon SLR Cameras..


Canon EF 70-200mm f/2.8L USM Telephoto Zoom Lens for Canon SLR Cameras

Grab Now Canon EF 70-200mm f/2.8L USM Telephoto Zoom Lens for Canon SLR Cameras By Canon

Most helpful customer reviews

289 of 304 people found the following review helpful.
5The L-lense that puts the L-lense on the map
By J. Chen
Canon's legendary L-lense reputation is built on lense such as the 70-200mm F/2.8, this is the lense that gives the credit to the WOW factor associated with Canon L lense. Sharpness, constrast is second to none.

I know many people are probably deciding between the F/4L F/2.8L and the F/2.8L IS. If you want the most bang for the buck go for the F/2.8L. Why, because if you're serious enough to buy the F/4L you will eventually migrate to this F/2.8L (like many photographers), why because there is nothing going to speed up your shutter speed better than the f/2.8 at the long end when compared to F/4 especially for fast moving targets. Another big advantage is the canon 2x extender which boost this lense to 400mm at the long end with great results and at F/5.6, it is one of the best performing combo at 400mm focal length especially considering the price of a 400mm lense by itself.

If you have cash to burn go for the IS version, but cost increase is a bit steep ($500+), especially considering using a tripod will make the IS an non-issue, and for a shot deserving attention, a tripod or some sort of stablizer should be used anyway might as well save the $500 and put a bit more in for the 17-40mm L lense. :-)

217 of 229 people found the following review helpful.
5You get what you pay for
By Colin M. Burnett
This was my first L lens and I am very pleased; zero buyer's regret for me.

When I first started to seriously consider buying one of the 70-200mm lenses I wasn't sure which to buy. I first thought about buying the f/4 version because it was cheaper but then found out the f/2.8 comes with a case (~ $40), tripod ring (~ $120), and a hood (~ $35) in addition to the extra stop in aperture. For the $600 difference it reduces down by about $200 by including additional stuff that you, frankly, should have.

Most notably is the tripod ring which takes the lens weight off the camera body but also balances the camera at the tripod mount. With the f/2.8 attached to my 300D it balances just fine on the tripod foot (even with a EX550 flash). In shooting with a tripod it's very easy to rotate the lens within the ring to go from landscape to portrait without off-balancing the weight.

The extra weight is an issue depending on your muscular build. I can shoot for a couple hours without the weight being bothersome but my fiancee (very petite) has some difficulties. In actual shooting I find the tripod ring comes in handy to put the weight on my palm thus leaving my fingers free to adjust zoom and focus without a hassle while providing a firmer base for stability.

I cannot comment on the f/2.8 IS version since I've never used it but I have seen people selling their f/2.8 IS because it was too heavy.

All-in-all this is an extremely good lens and you get exactly what you pay for: quality. Some day I intend on complementing this lens with the 24-70 f/2.8L for wider angle shots. Of course, if you have the chance to test all three versions of the 70-200mm lens at a store then you certainly should test them for yourself. And, by all means, buy a UV/protector lens.

282 of 300 people found the following review helpful.
4Auto-focus is super fast, quiet and spot on
By Grant Brummett
01-01-2009 Canon 5D Mark II Update

Bokeh

Well, the reach my be less but man on man the Bokeh of this lens using the 5D Mark II has to be seen to be believed. Much smoother creamier and richer on the 5D Mark II. Something like double the Bokeh since you can get twice as close, just make sure when shooting at F/2.8 you have enough dept of field.

Sharpness and clarity

The sharpness and clarity wide open at F/2.8 that was just Ok on the 40D is much improved for some strange reason on the 5D Mark II. I would not have figured it this way but it's just plain better. Putting this lens on the 5D Mark II has transformed it from a so so lens to a sharp, high clarity monster even wide open. You wouldn't know it was the same lens I has used on the 40D.

Reach:
The reach of the lens on a full frame sensor camera is half but when indoors shooting weddings this can be a good thing. On the cropped sensor cameras you often find yourself running out of space to back up when you want a wider shot but on the 5D Mark II the 70mm end is actually useful. When shooting outdoors if you can't get pretty close you will want a longer lens. This is when I reach for my excellent Canon 100-400 F/4.5 - F/5.6 IS L Lens.

Vignetting:
On my Canon 40D and Rebel XTi Vignetting or peripheral illumination problems are practically non-existent, but on my new Canon 5D Mark II I use the auto-peripheral illumination correction as with it off it is a problem. But with it ON its no problem at all.

You can either have the 5D Mark II auto-correct peripheral illumination on board for JPEGs or adjust Raw images using Canon's Digital Photo Professional (DPP) software that came with your Mark II. I have noticed on the full framed 5D Mark II with the peripheral illumination correction turned OFF the 5D Mark II images will severely vignette or be dark in the corners when shot wide open (F/2.8). It's almost like looking through a dark tunnel. It's especially noticeable shot wide open with the sky as a background.

Auto-correct to the rescue!! With the peripheral illumination correction turned ON it's almost magical the darkening in the corners for your JPEG images is gone! If you want you can even shoot in Raw mode and adjust the amount of Vignetting or darkness in the corners for effects such as when shooting portraits and you want to emphasis the person in the middle of the photo. Just open the Raw photo in DPP and click on the NR/Lens / ALO tab and select Lens Aberration Correction Tune and adjust the peripheral illumination to suite by dragging the slider or entering and amount. Or select all the photos in a directory and you can correct all your photos at once. This way you can either have no Vignetting or as much as you want.

Pros:

Tack Sharp at 70-135mm at F5.6 at any distance
Sharp at F2.8 at a distance for some reason but soft up close (10 to 50 feet)
Sharp at F2.8 for indoor non-flash gym / church distance photos any zoom setting. Gets a little soft focused close and at infinity at F2.8
Auto focus tracks moving objects like a laser guided smart bomb! I have many in flight bird photos
Beautifully made with perfect quality
Beautiful deep colors, lots of contrast
Auto-focus is super fast, quiet and spot on even in dim light
White so it's cooler out in the hot summer sun
Comes with nice case and nice lens tripod mount
Pretty good Bokeh better then the F4 70-200 of course but not as good as primes
Really bright in the viewfinder the brightest long lens I've used
This lens has Auto Lens Vignetting correction using peripheral Illumination control see Auto Vignetting comments below:

Cons:

VERY shallow depth of field at F2.8
Costs twice as much as the great F4 70-200
Seems to weigh twice as much as the F4 70-200
Very LARGE and white gets a LOT of attention
Softens a little above 135mm approaching and at 200mm at infinity

Review:

I bought this Lens to use on my Canon Digital Rebel XTi to shoot wild birds, animals at the zoo, sporting events and aircraft shows.

After having taken over 4,000 photos with it and trading out and using my friends F4 70-200 I have the following conclusions.

This lens focuses very FAST!! I have tracked birds in FLIGHT!! It focuses in light so low I don't see how it's focusing.

The F2.8 is MUCH larger then the F4 you have to use these two lenses back to back to really appreciate the difference. Also the lens hood sticks way out on the F2.8 which does protect the lens more but makes a long lens even longer. The F4 is more of a hold all day out shooting lens for the average person the F2.8 more of a tripod lens.

I do love this F2.8 lens, but in hindsight I might have bought the cheaper lighter and smaller non IS F4 lens. We tried several tests using a tripod while using mirror lockup and remote release so camera shake and depth of field were not a variable. We found my F2.8 lens is slightly sharper in the middle at 200mm but the F4 is slightly sharper near the edges. Both lenses were tack sharp edge to edge at 70-135mm at F8 with the F4 lens maintaining more sharpness over all from 135 to 200mm. However I found the F2.8 is brighter looking through the view finder then the F4.

The F2.8 does seem to produce slightly richer color but you can easily make up the difference between the F4 in a photo editor program.

This lens also softens some at F2.8 and gets sharper the closer to F8 you get. I tried several test shots on a tripod using mirror lockup and remote release of a photo test card so camera shake and depth of field were not a variable. Speaking of depth of field at F2.8 the depth of field is so shallow at close range F2.8 is almost unusable. You can take a photo of someone and their nose is tack sharp and their eyes are soft. This could be a plus if you are looking for this effect.

So why do I keep this lens?

I shoot a lot using a tripod and love the included lens tripod mount. The camera and lens are MUCH more stable when the lens is mounted to the tripod then trying to shoot with a long lens with the camera mounted to the tripod and the lens hanging out front. Note: You can buy the lens tripod mount for the F4 lens but it's $150 extra.

I need the extra stops F2.8 gives me for low light indoor photograhy I have gotten shots at F2.8 ISO 1600 I could not have gotten with the F4 lens.

I do like the attention I get and questions.

I love the way this lens is SO bright in the viewfinder, noticeably brighter when framing a shot then the F4.

I don't mind the extra workout carrying it around I need the exercise.

I'm thinking about also buying the F4 70-200 and having both.

Why only 4 stars:

If this lens were tack sharp edge to edge at 200mm at any distance I would have given it 5 stars but felt that this was enough to pull back to 4.
Also the min distance switch is too easy to move, it doesn't need this switch anyway the auto focus is great,

Recommendation:

If you have the money and want a bright in the viewfinder, great color, large, imposing presence tripod mounted lens the F2.8 lens is for you.

If you want to save some money and shoot hand held with a lighter lens and don't need the F2.8 for low light shooting and Bokeh then get the F4 lens.

If you have lots and lots of money buy them both!

9-23-2007 Update

This lens continues to impress me. I have been shooting more around F2.8 at longer reach hand held on cloudy days and inside buildings where flash is not allowed and have found this lens really can work hand held at higher ISO say 400 to 800. I'm thinking about buying the 40D which has higher ISO performance then my Rebel XTi so I can shoot at 1600 ISO and 3200 ISO with less noise.

Filter Update 1-3-2008

After much searching I found the perfect filter. The Hoya Multi Coat HMC Pro1 Protection filter is not supposed to filter the shot just protect the front lens element. I was very worried that it would affect the shot after having tried some other premium filters like the B+W UV which caused the photos to be softer and duller. However, after some tests I found that in some weird way the Hoya Multi Coat HMC Pro1 actually makes the photos seem to have just a little more contrast and be a little sharper then without. I thought I had gotten the test shots backwards and had to retest with a little sign in the photo saying with and without filter in place just to make sure. Really amazing!!! I'm sold!

Update 3-1-2008 Arizona Renaissance Festival

Here's a brief summary of my thoughts when using both the Canon 70-200 F/2.8 USM L and Canon 135mm F/2 USM L at AZ Renaissance Festival.

The first thing I noticed was the zoom can be much more versatile especially at the bird show where it's ability to zoom in and out was nice, but it's minimum focus distance is quite a bit farther. I noticed several times taking face shot close ups that I ran into the stop and it could not focus, so I had to back up. Also knowing that full sharpness was not reached until F/5.6 I kept the lens at this stop to make the shots sharp. But there is no denying its ability to reach out and photograph someone at a distance and then turn around and get a shot close up. Also, the Canon 70-200 really stood out to people. I actually had several people ask what lens it was and could they look at it / hold it. Several workers made jokes about my large canon when I had it mounted.

On the Canon 135mm side there is no denying the quality of the photos and the ability to blur the background and still have a sharp subject at wide open apertures. The creamy smooth Bokeh and quality of the photos make them treasures I will show off and print for years to come. There is some 3d quality that these photos possess that the 70-200 just does not have. The Canon 135mm is much more stealthy with people not really thinking you are taking their photo from far away. No one asked to hold it or even what kind of lens it was. The workers didn't make jokes about having a large canon in fact there were a couple of workers that said they had seen bigger.

I love them both, but if I had to choose only one to take to the Renaissance Festival it would be the Canon 135mm F/2 USM L. It's half the weight, black and stealthy and takes photos I will treasure forever.

3-28-2008 Update:

I still love this lens and it was my first L lens. It's funny how much more attention this lens will get everywhere I go. You will be asked what news agency you are working for, can I see it, can I hold it, how much does it cost? Things I have never been asked about my Canon 85mm F/1.2 L II lens which cost hundreds more. So if you want a great 70-200 zoom and crave attention and can carry the weight this lens is for you. I still love mine and plan on keeping it forever!

8-18-2008 Update:

I find myself falling in love with this lens all over again. A friend has borrowed it for a few months to use and I went on a shoot this weekend with it and wow!! When you use Digital Photo Professional (DPP) to make your JPEG from RAW this lens is a razor blade even at F/2.8! There is that much difference in processing using DPP then usin Adobe Camera Raw!!! It makes my Canon 70-200 F/2.8 look almost as sharp as my Canon 135 F2.

The only strange thing when I first got the lens back it focuses more slowly then normal for a few shots about like the focusing on my Canon 85mm F/1.2 which can be a little slow. But within a few hundred shots seems to be back to the milisecond focus speed. I wonder if he left it out in the car in the hot Arizona sun?

Still get's a huge amount of attention. You would think it was a Canon 300mm F/2.8 the way people stare. Guess the white L lenses are still pretty rare out and about. My friends Canon 70-200 F4 L is just as sharp but the F/2.8 lets in twice as much light! But the F/2.8 feels almost twice as fat in the hand and after a day of shooting is heavier!! Still when I was already at ISO 3200 and F/2.8 yeasterday at a very dark church function I was stopping action that you could not do with the Canon 70-200 F/4.

11-07-2008 Update:

This is still one of my most used and versatile lenses. And I've noticed in some of my photos this really cool almost 3D effect around the main subject usually at wider apertures. My only regret is that it does not have IS. After buying two lenses that have it I can see that in really dark situations IS can really make a huge difference. Also there is the one single spec of dust in the middle of the outer most element. But it does not seem to affect the photos.

It's taken many beautiful photos for me and I will probably keep it as long as I live.

Auto Vignetting peripheral illumination control:

Canon has this super sweet Auto Lens Vignetting correction that works with this lens both in camera with JPEG's and in RAW using peripheral Illumination control in Canon Digital Photo Professional (DPP) when using newer Canon digital EOS cameras (Canon Rebel XSi, 40D, 5D Mark II etc.) . No more vignetting when shooting wide open!!! When shooting Raw open the file(s) in DPP and click on NR/Lens Lens Aberration Correction / Tune and click on Peripheral illumination. The cameras listed above have already picked up the amount of vignetting based on focusing distance, zoom setting and F stop from the lens and the camera has saved the information with the Raw file. You can then adjust the amount under Peripheral Illumination if you don't like the amount automatically suggested. If you shot JPEG then you get the auto amount. SWEET!!!

Verdict:

You can't go wrong if you need 70-200mm and fast speed.

01-03-2009 Canon 5D Mark II Update:

This lens is actually just behind my Canon 100-400 IS L Lens in the zoom sharpness and clarity department but it's no where near as versatile on my 5D Mark II as the 100-400. Still it's a must have lens when shooting weddings when you need the super Bokeh background melting power of an F/2.8 aperture and lower light power of an F/2.8 aperture. The Bokeh that was Ok on the 40D is smoother creamier and richer on the 5D Mark II. Still I almost wish I had bought the Image Stabilized version instead. I'm finding that on the 5D Mark II you can really sharpen up images when shooting in raw and processing in Canon's Digital Photo Professional. As that and the price were my only complaint about the IS version of this lens I now wish I had purchased it instead.

Lenses I currently own:

Canon EF-S 17-55 F/2.8 IS Zoom Lens Ultra sharp, great colors, great low light, poor zoom action
Canon EF-S 18-55mm f/3.5-5.6 Rebel XTi Kit Zoom lens Muddy, slow, pile of junk
Canon EF 17-40mm f/4 L Zoom Lens Fantastic colors, sharp zoomed 17 to 24mm and stopped down, ultra smooth zoom action, light weight
Canon EF 24-70mm f/2.8 L Zoom Lens Fantastic colors and contrast, sharp zoomed 40 to 70mm, zoom a little stiff at first, heavy, repair prone!
Canon EF 50mm f/1.8 II Good budget portrait lens, light weight, disposable, sharp from F/2.5
Canon EF 85mm F/1.2 L II The best portrait lens for female and children clients, buttery smooth Bokeh, heavy and expensive it shares sharpness with 135mm
Canon EF 135mm F/2.0 L The best portrait lens for males and tied with Canon 85mm F 1/.2 for sharpest lens I own, buttery smooth Bokeh
Canon EF 70-200mm f/2.8 L Zoom Lens Fantastic colors, sharp for a zoom, very versatile ego boosting and attention getting and heavy! My favorite zoom lens that I own!!!
Canon EF 100-400mm f4.5-5.6L IS Zoom Lens super colors, sharp for a zoom, extremely versatile, variable Bokeh can be great or bad, even more ego boosting and attention getting when extended and 400mm reach!!

My next lens purchase I'm saving for right now: 'Canon EF 300mm F/2.8 IS L the finest lens ever

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Saturday, December 5, 2015

Olympus M Zuiko Digital ED 12-40mm f/2.8 Pro Interchangeable Lens

Olympus M Zuiko Digital ED 12-40mm f/2.8 Pro Interchangeable Lens..


Olympus M Zuiko Digital ED 12-40mm f/2.8 Pro Interchangeable Lens

Buy Olympus M Zuiko Digital ED 12-40mm f/2.8 Pro Interchangeable Lens By Olympus

Most helpful customer reviews

57 of 62 people found the following review helpful.
5Great Lens
By hp
Bought this from a NYC camera store and was delivered to me 11/11/13. I put myself on the wait list the minute it was announced so I am likely one of the first to get this lens. I have had only a few days worth of shooting but will put my initial impressions here.

Pros:

1. Superb optics. I am not a pixel peeper but no issues at any focal length even wide open. The lens is very sharp with fair contrast. No significant distortion. Slight CA. No noticeable vignetting in real life situations. I am not sure if my EM-5 is correcting for this lens with software. I have not tried on Panasonic bodies. All of this at a constant f2.8 throughout the zoom.

2. Size. No comparison to larger format lenses with a constant 2.8 aperture in this focal range. Others manufacturers might make FF and APS-C cameras smaller and smaller but they cannot match the size of the m4/3 lenses.

3. Very useful zoom range for the average shooter. This can be the one lens you can have for the entire system. It covers semi-wide to semi-long, good for landscapes to portraits. You might want to get prime lenses for bigger aperture, smaller size or shallower DOF/subject isolation but with the newer m4/3 cameras that do well at higher ISO, this lens is fine even for night-time photography.

4. Fantastic build quality. Olympus 75mm might be a tad better made but it is close. I should know; I own most primes from Olympus and Panasonic and a few zooms. I have tried almost every lens made for the m4/3 system from any manufacturer from friends. The lens is solid with good heft but not too heavy. It has good dampened rings which are as good as any m43 lens although inferior to lenses from Leica or older (pre-digital) lenses from Nikon, Canon, Olympus, etc.

5. Looks fantastic. I know it has nothing to do with picture quality but if I was not into visually pleasing things, I would not be into photography in the first place.

6. Lens button. I love the fact I can assign DOF to this.

7. Auto focus/Snap focus. It's as fast and as quiet as any m4/3 lens used on my EM-5. The snap focus feature by pulling the focus ring back is something that gives Olympus a significant advantage over other manufacturers. Brilliant.

8. Included hood and lens pouch. I thought h*ll would freeze over before this would happen. It is getting colder recently.

9. On that topic; weather sealed.

Cons: (Minor)

1. The lens is not fully retracted at 12mm. It is actually fully retracted at 16mm. Thus, if you store with lens at 12mm, the front element is not completely against the body. I am not sure if this will impact durability over time as it is carried/stored.

2. The lens cap is huge (for Olympus). They needed to redesign the lens cap due to the hood but I feel it is too thick now.

3. The lens crashed my EM-5. The camera crashed when I first attached this lens. I am not sure if Olympus will issue a firmware update. It was interesting to find out the power lever on the EM-5 is software based; i.e., flipping it did not turn off the camera when it crashed.

4. Made in China, like iphones, ipads and most other electronics. I was hoping for Made in Japan.

Overall, a great lens and highly recommended for anyone looking for an all-around lens for the m43 system.

20 of 21 people found the following review helpful.
5This is not your average Zoom!
By NyArtboy
Honestly, what can I say about this lens that hasn't been already said? This lens has become for many reviewers and bloggers, either the Lens of the year or runner up. This lens has pro level IQ, amazingly fast AF and one of the most useful all around focal range for photography today. at 2x crop factor on m4/3 it behaves like a 24-80mm. It has nice bokeh and good DOF (Depth-of-field) at 35mm+ (70mm) and very sharp at 12mm (24mm) wide angle. Some sites have said that the 12mm f2 lens is slightly sharper but to me it's negligible. PLUS you get all this IQ and focal range in a weatherproof package! Pair that up with the OM-D EM-1 and you have an adventure waiting to happen!

Another question that pops up frequently on blog pages and review sites is the question between this and the high quality prime lenses out there for the m4/3 format. My opinion (just my 2 cents) is if you plan on shooting on nice bright days and don't want the hassle of changing lenses, then bottom line, this is your lens. On sunny/bright days you will end up stopping down the prime lenses anyway so you will get just the same amazing results especially if you pair this with an Olympus OM-D that adds in-body 5-point IS and Chromatic fixes in the software for this specific lens.

On the other hand, if you like to shoot in low light, have no problem switching lenses, and generally want the ability to achieve the maximum DOF (depth of field) you can get on the m/43 format than stick with primes. Though to be fair, the bokeh and DOF is perfectly fine for my taste on this lens at the higher focal lengths. Plus it has an amazingly short focusing distance so you can get pretty darn close to your subject which will increase the DOF as well.

If you are concerned with price, you shouldn't be. A lens of this quality at this price is an amazing deal. Here is my cost comparison/value break down:

If you bought the 12mm F2 and 45mm F1.8 you would be $200 above the cost of this lens (all brand new) and only have 2 focal lengths.
The equivalent price in primes would be the 17mm f1.8 and the 45mm f1.8 but you lose the nice wide angle 12mm focal length and gain possibly the "best portrait lens" for m4/3 cameras with nice creamy bokeh and sharp IQ.
To me the ideal prime set is the 12mm f2, 25mm f1.4 (Panasonic) and 45mm f1.8 which puts you at roughly $1800 give or take.
A nice f2.8 combo would be this lens (12-40mm f2.8 Pro) and the 60mm f2.8 macro giving you a fully capable system of varied focal lengths plus macro and medium telephoto capabilities all for about $1400.

Pros:
Extremely Sharp IQ corner to corner
Super-fast AF (I think faster then my L series lens tbh)
The best and most versatile focal lengths for everyday photography
Ability to get very close to subjects. Just a few inches in fact
Large Aperture for decent bokeh and DOF
Weather-proof!
All metal construction
MF 'choke' design for quick switching to Manual Focus mode
Includes a customizable L-FN button on lens for additional functionality.

Cons:
Big and somewhat heavy (though half the size of lets say the Canon 24-70mm f.28 L) - The size doesn't bother me in the least I have to add. Makes the E-M1 look pretty awesome.
Tube Extends during Zooming (would have liked the elements to stay within the lens, thought this would probably double the price)
Not the smoothest zoom and focus ring on the market. The other primes I have are way smoother. In fact there is small 'tap-like vibrations' when zooming. After speaking with Olympus directly they informed me this is normal operation.
Loses almost 2 stops compared to the primes available today for m4/3 format cameras.

I'm happy to answer questions posted here in Amazon. Good luck!

16 of 17 people found the following review helpful.
5Outstanding lens
By M. Gotts
I've owned Olympus' OM-D E-M5 camera body since Christmas 2012. Using the kit 12-50mm and the 40-150mm (24-100mm and 80-300mm 35mm equivalent) lenses I've had a fun year capturing photos. The camera has been everything I wanted it to be, with the exception of being just average tracking kids playing soccer.

But the 12-40mm f/2.8 lens takes the camera to a different level. I thought I was getting decent performance from the 12-50mm lens -- and I thought wrong. It's okay, for what it is, but it's slow (f/6.3 at 50mm) and just average in sharpness. With nothing to compare to, I didn't realize how it was holding back the E-M5's potential.

The 12-40 is truly top caliber. Sharp from corner to corner. Chromatic aberration cannot be found. Fast for extending the E-M5's low light capabilities at modest ISOs (I can gain nearly three stops from the 12-50mm in many situations). On the PC I'll zoom in on shots and be astonished by the crispness that simply didn't exist before.

Having never owned an expensive DSLR (I had a decent Nikon FE2 film body and some Vivitar Series I lenses in the 80's, however), I'd been lulled into thinking the images I was capturing were simply all that such a camera was capable of. The E-M5 is a very good micro four thirds body, after only the new E-M1. What difference could one lens make? Well, as it turns out, a great deal.

The 12-50mm has a smooth motor drive mode for video (which I rarely shoot) and a dedicated macro mode, which is nice. But the 12-40mm, while not being optimized for macro, turns out to be a fully capable macro lens as well, better than the 12-50, IMHO, because of its superior resolution and significantly faster performance and ability to isolate at f/2.8. The only step up for close up photography being to a dedicated macro lens. (And yes, I know that with regards to depth of field it is twice that of a full frame sensor. But f-stop is dimensionless, and with regards to light-gathering-per-sensor-size/exposure/ISO, f/2.8 is f/2.8 is f/2.8, whether it be APS, M43, full frame or a large format camera.)

The only thing I don't like is the price. $1,000 was a big chunk. But the way it has changed the performance of the E-M5 is truly revelatory. There really is a significant optical difference between a decent mainstream consumer lens and a pro level lens. The 12-40 lives on my camera now, and the 12-50 is going to end up on eBay.

If you've got the E-M5 or M1 and can afford it, this lens is a no brainer and will not dissappoint. Since the long end is only 80mm equivalent, I think even Lumix body owners can enjoy it's benefits despite not having the in-camera stabilization that Olympus bodies have.

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