Leica is a brand I respect and appreciate but don’t support. Or rather, can’t, because I’m not fabulously rich. But if I did have $5,000 to spend on a fixed-lens camera, I’d probably get the new Q2, a significant improvement over 2015’s Q — which tempted me back then.

The Q2 keeps much of what made the Q great: a full-frame sensor, a fabulous 28mm F/1.7 Summilux lens and straightforward operation focused on getting the shot. But it also makes some major changes that make the Q2 a far more competitive camera.

The sensor has jumped from 24 to 47 megapixels, and while we’re well out of the megapixel race, that creates the opportunity for a very useful cropped shooting mode that lets you shoot at 35, 50 and 75mm equivalents while still capturing huge pixel counts. It keeps the full frame exposure as well, so you can tweak the crop later. The new sensor also has a super-low native ISO of 50, which should help with dynamic range and in certain exposure conditions.

Autofocus has been redone as well (as you might expect with a new sensor) and it should be quicker and more accurate now. There’s also an optical stabilization mode that kicks in when you are shooting at under 1/60s. Both are features that need a little testing to verify they’re as good as they sound, but I don’t expect they’re fraudulent or anything.

The body, already a handsome minimal design in keeping with Leica’s impeccable (if expensive) taste, is now weather sealed, making this a viable walk-around camera in all conditions. Imagine paying five grand for a camera and being afraid to take it out in the rain! Well, many people did that and perhaps will feel foolish now that the Q2 has arrived.

Inside is an electronic viewfinder, but the 2015 Q had a sequential-field display — meaning it flashes rapidly through the red, green and blue components of the image — which made it prone to color artifacts in high-motion scenes or when panning. The Q2, however, has a shiny new OLED display with the same resolution but better performance. OLEDs are great for EVFs for a lot of reasons, but I like that you get really nice blacks, like in an optical viewfinder.

The button layout has been simplified as well (or rather synchronized with the CL, another Leica model), with a new customizable button on the top plate, reflecting the trend of personalization we’ve seen in high-end cameras. A considerably larger battery and redesigned battery and card door rounds out the new features.

As DPReview points out in its hands-on preview of the camera, the Q2 is significantly heavier than the high-end fixed-lens competition (namely the Sony RX1R II and Fuji X100F, both excellent cameras), and also significantly more expensive. But unlike many Leica offerings, it actually outperforms them in important ways: the lens, the weather sealing, the burst speed — it may be expensive, but you actually get something for your money. That can’t always be said of this brand.

The Leica Q2 typifies the type of camera I’d like to own: no real accessories, nothing to swap in or out, great image quality and straightforward operation. I’m far more likely to get an X100F (and even then it’d be a huge splurge), but all that time I’ll be looking at the Q2 with envious eyes. Maybe I’ll get to touch one some day.