Size of the lens is one factor, brightness is another. The could
produce either smaller lenses, or lenses that are normal sized but
also brighter. This would offset the great DOF characteristics of
the 4/3 sensor somewhat - by having f/1 and f/0.75 lenses.
Will they do this? Perhaps one day, but lenses with normal
apertures are expensive at present, so prices will need to drop a
lot before we can afford to buy f/1 lenses from them.
They would be unusually heavy and complex lenses. Remember, to be "near telecentric", a lens requires a retrofocus design (normal lens, with a big "wide converter" in front of it) even for normals and short telephotos in the four thirds (tm) system.
The Sigma 30mm f1.4 is a good example of the side effect of this type of construction. An old fashioned double Gauss 50mm f1.4 (Nikon, Canon, Oly OM, Pentax, etc) is near symmetrical, so its exit pupil near its focal length. That makes it about as small, light, and simple as it can be. A Canon 50mm f1.4 with ultrasonic motor AF and stepper motor aperture is 290g, the Nikon and Sony without these mechanisms tip the scales at 220g.
The 30mm f1.4 is 430g, much heavier than even the Canon. The 30mm is also larger in diameter, longer, and requires larger filters. That's all a side effect of the near telecentric design. And the 30mm f1.4 only has a ratio of about 2.14 (exit pupil at 64mm, focal length 30mm). A 64mm exit pupil isn't quite enough to meet Oly's idea of 8 degree telecentricity, it would have to be about 85mm to do that.
Now, on a four thirds camera, that 30mm f1.4 is a mild telephoto (actually, a pretty horrid length, too short for most portrait work, too long for a normal). A real 25mm f1.4 normal would be even larger than the 30mm f1.4 Sigma, figure at least twice the weight of a conventional 50mm f1.4. If you extend that doubling of weight to a 50mm f1.0, well, the Canon 50mm f1.0 weighed in at about 700g, so figure 1.4kg (3 pounds) for a 25mm f1.0 in four thirds...
A 14mm f1.4 wide angle gets even more complicated, and I bet they couldn't do it in even twice the weight of the famed Nikon 28mm f1.4.
Now, by using a sensor that didn't require telecentricity, like that new offset microlens Kodak sensor on the front page of dpReview today, you really can have small, fast light lenses. A Voigtlander 40mm f1.4, for example, weighs in at 175g. It's such a cute little thing.
The second thing working against fast lenses is Oly's four thirds patent. Four thirds is the only major lens mount currently protected by patents (Nikon, Canon, Pentax, and Sony's Minolta mount) have all expired in the last few years. In the patent, Oly states that, because of angular sensitivity issues, lenses faster than f2.0 shouldn't be built, and indeed, they haven't launched anything faster than f2.0 themselves.
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Ciao! Joe
http://www.swissarmyfork.com