In the case of "why would you pay $8k for a black and white camera," exhibit 'A' would surely be the lack of a color filter array corrupting the image. Without one, the Leica Monochrom -- with a similar CCD to its M9 stablemate -- should have less noise. Tests comparing the two cameras on Red Dot Forum confirm it, with the Monochrom cleaner in glorious black & white at all ISO's up to the M9's maximum of 2500. Past that, a touch of NR gave the Monochrom a pleasing film-grain look to our eyes at ISO 5000, but at ISO 10,000