Don Haines said:
They know better than any of us what the cost of smaller size will be, and that will be poorer optical performance, as the sharper you bend light, the harder it is to correct aberrations. Just look at Canons old 50F1.4 lens and compare it to the new ones out by everyone else.... to make it better, they had to make it longer, and that is even with the advantages of newer materials, exotic glasses, and coatings.
What we don’t know are the sales projections, and if there are a sufficient number of people willing to take a hit in optical quality and ergonomics in order to get a smaller body. When you consider that there is already a small solution with reduced performance (M series), and that there is already the FF EF bodies and lenses for the “quality is everything” crowd, I rather doubt that the numbers in the middle are enough to justify creating a whole new series of lenses.
I'm not sure that the Canon EF 50/f1.4 advances your argument very well. It is 50.5mm long and weighs 290g, and looks and feels small and light. I don't think anyone who ones a 50/1.4 is really thinking, "gee, I wish that were smaller". I believe what most people want is better autofocus, modern coatings to cut CA, sharper corners wide open,
image stabilization, that kind of thing.
The closest lens is the much newer (15 year difference!) Nikon 50/1.4 is practically identical in size/weight, at 54.2mm and 290g.
The contemporaries in EF 50/1.4 are way, way bigger and heavier (I'm thinking Sigma Art and Zeiss Milvus), about twice the length and 800-900 grams. If you look at Sony FE 50/1.4 (the Zeiss), same deal. Bigger, heavier. Yes, obviously, these compete with the Canon 50/1.2, but it's not like anyone has made a significantly
smaller midrange FF 50/1.4 to compete with the 1993 Canon.
To get smaller and lighter, you need to go to something like the Canon 50/1.8 II. And even then, the length is practically the same. It's just half the weight (or some such) because the metal has been replaced with plastic. I don't think this is a good formula for success in a new Canon mount (slash weight by going all plastic)
As I understand it, the 25-year old optical formula for the 50/1.4 is an excellent one when balancing weight and size. If they refreshed it, and added IS, it would get heavier and bigger.
Now, if I've missed some new, super-tiny, 50/f1.4 full frame lens, I apologize! Just none comes to mind. I believe that the Sigma Art has it right, by the way. The people willing to pay $1,000+ for a 50mm are perfectly happy with the size and weight of it (or a Canon 1.2 or 1.0) -- and the 100mm length / 800g sized lenes are a very good fit for 80D - 5D sized bodies.
The ones I think you REALLY save on are the pancake lenses. But you can't really make a camera revolving around pancake focal lengths.