In my view the M-240 offers a high level of value for anyone who owns M/LTM mount lenses, enjoys using a traditional rangefinder and is interested in digital imaging.
While the M-240 data stream is dated, the analog dynamic range and low-light sensitivity is similar to the X-Pro 2 and newer m4/3 bodies. As a user of the former I can tell you this level of technical (signal-to-noise) performance is more than adequate.
While signal-to-noise ratio is a significant indicator of digital imaging performance, there are other factors (such as the sensor coverglass, IR filter layer, color-filter and micro-lens arrays' properties) are important as well. The M-240 is well above average in these areas.
“Basically, I mean, ah—well, let’s say that for me anyway when a photograph is interesting, it’s interesting because of the kind of photographic problem it states—which has to do with the . . . contest between content and form.