As a Leica M user (28mm f/2 crew), I get the appeal of premium fixed-lens compacts like the Q or X100.. great balance of size, IQ, and shooting feel. But after watching this RX1R mk3 announcement I can't help but feel underwhelmed.
It uses the 61MP sensor from the A7R V, which is solid but no longer new, and you can pick up an A7R V for almost half the price. Pair that with the same Zeiss 35mm f/2 and Sony’s typical UI, and it starts to feel like a repackaged spec sheet rather than something truly fresh or innovative.
Meanwhile, Fuji recently dropped the GFX100RF in the same price range with a 100MP medium-format sensor, a dedicated aspect ratio lever, teleconverter toggle, retro dials, built-in ND, and beloved film simulations. It’s a camera made for photographers who want both insane IQ and tactile shooting joy. If it weren't for the f4 lens it would be my dream camera.
Compared to that, the RX1R III feels safe and soulless. Leica Q shooters get simplicity and killer glass; Fuji GFX shooters get medium format, dials galore and genuine character.
At $5K+, you want more than specs, you want experience.
FWIW I actually really dig what Sony did with the FX2 by adding the tiltable EVF, that alone excites me. Not this.