No. No, no, no, no, no.
There was very little reason to consider an M8 in 2006.
Consider the context. Leica had stubbornly refused to accept that digital was the next big thing. They had repeatedly said that they would not make a digital Leica M then along came Epson with the R-D1 and blew them out of the water. The Gnomes of Solms scrambled to play catch up against a backdrop of imploding film camera sales and M-Mount competition from Epson and the M8 was the best that they could scrape together in the time. Have a look here:
Anatomy of the Leica M8 - Leica M8 / Leica M8.2 to see the extent to which it is a parts-bin special. It is a camera put together by analogue-era craftsmen who had never seen a digital camera, only had it explained to them. Inside it's all solders and wires and cheap components.
Then there are the problems. The magenta blacks, that led to Leica issuing a ton of free IR cut filters to compensate. The marketing fiasco of the "perpetual upgrade programme". Shutter faults, vertical lines, banding and ghosting, the Italian Flag problem, the coffee stain problem, power problems, lack of availability of parts including sensors and lcd screens... oh and then there's the fact that it is a mere 10.1 pixels - and APS-H, and...
Need I go on?
It was a poor camera when it was introduced and would be a very poor buying decision today. It kept Leica in the digital game by the skin of their teeth. It was replaced by the barely improved M8.2 and then the much improved M9 - and that isn't really a lot to write home about.
You would be better off putting on a hair shirt and burning fivers.
In case you think that this is an uninformed rant, I bought my first Leica in the 1980s. I have owned and enjoyed IID, IIIc, M2, M4, M6, M7, MP, R5, R7, Minilux, CM, Digilux 2 and enough LTM, M and R glass to sink a battleship. I started the Leica One Challenge and the Leica Forum Book, which raised tens of thousands of pounds for charity. If you cut me I was red right through - but Leica made a series of fatal errors with their digital Ms and that is why today I use Fuji.