Oh well, it seems like the rumours and leaks were all true. All I can say, now that my initial disappointment has subsided, is that it is not a camera for me. And good luck to Leica if they can get this off the ground. The comments on their Facebook page are none too encouraging, though.
I have a number of cameras, including ones which fill the spec-niche of the X Vario and then some, so I will pass on this new product. I'm reminded of when I bought my first DSLR, the Canon 30D. It came with a 17-85mm f3.5-5.6 zoom. With image stabilization and halfway decent light, it could take marvelous images; I imagine that the X Vario will do the same. But I've moved on from those days, and so have many others. I hope that Leica will make enough money from it to fund further developments in the M and S systems, and then improve the specs in future iterations.