I have been using the new Canon EOS M50 mirrorless system camera now for a month or so. The main experiences are pretty positive, but I have also some comments on what this camera is good and not so optimal for.
In terms of image quality and feature set, this is a pretty complete package. Canon can make good cameras. However, the small physical size of this camera is perhaps its most defining main characteristic. This means that M50 is excellent as a light and small travel companion, but also that it has too small grip to carry comfortably this body when there are some heavy “pro” lenses or telephoto lenses attached. One must carry the system from the lens instead.
I really like the touch screen interface of M50. The swiveling LCD is really functional, and it is easy to take that quick photo from extra low or high angles. The LCD touch interface Canon uses is perhaps the best in the market today: it is responsive, well designed and logically organised. This is particularly important for M50, since it has only few physical buttons, and a single rotating control. Photographer using M50 needs to use the touch UI for many key functions. This is perhaps something that many manual-settings oriented professional and enthusiast photographers do not like; it you like to set the aperture, exposure time and ISO from the physical controls, then M50 is not for you (one should consider e.g. Fujifilm X-T3 or T30 instead). But if one is comfortable working with electronic controls, then M50 provides multiple opportunities.
My old EOS camera had only few (nine) autofocus points (phase-detect), and only the single point in the middle was with the fast, cross-type AF. This M50 has 99 selectable AF points (143 with some lenses), covering 80 % of the sensor area (dual-pixel type). Coupled with the touch screen, this change has had an effect on my photography style. It is now possible to first compose the photo, look through the electronic viewfinder, and simultaneously use a thumb to drag the AF point/area (in a “computer mouse/touchpad style”) to the desired point in the screen. I am not completely fluent in this technique yet though, and my usual technique of center focusing first, then half-pressing to lock the focus, and then quickly making the final composition, and shooting, is perhaps in most situations quicker and simpler than moving the focus point around the screen. But since M50 remembers in Program mode (which I use most) where the AF point was left the last time, the center focusing method does not work properly any more. I just need to learn new tricks, and keep moving the AF points in the screen (or, let the camera do everything, in Full Auto mode, or go into Manual mode, and do focusing with the lens ring instead.
As a modern mirrorless camera, M50 is packed with sensors and comes with a powerful DIGIG8 processor, bright LCD screen and electronic viewfinder. All of this consumes electricity, and the battery life of M50 is nowhere near my old 550D (which, btw, also had an extra battery grip). A full day of shooting takes either two or three fully loaded LP-E12 batteries. Thus, this camera behaves like a smartphone with poor battery life. You need to be using that battery charger all the time. (The standard rating is 235 shots-per-charge, CIPA.)
When travelling, I have been using a lot the wireless capabilities of M50. It is really handy that one can move full resolution, or reduced resolution versions of photos into an iPhone, iPad or Android device while on the go. On the other hand, this is nowhere as easy as when shooting and sharing directly from a smartphone. Moving typical 200-300 photos from a shooting session into an iPad for editing and uploading is slow, and feels like it takes ages. (I have not yet cracked how to get the advertised real-time Bluetooth photo transfer to work.) The traditional workflow where the entire memory card is first read into a PC and processed with Lightroom makes still better sense, but it is nice to have the alternative, for mobile processing and sharing some individual photos at least.
Many reviewers of M50 have written a lot about the limitations of 4K video mode (high crop factor, no dual-pixel autofocus). I use video rarely, and then only full HD, so that is not an issue for me. There is an external microphone input, which might be handy, and the LCD screen can be turned to point forward, if I ever go into video blogging (not that I plan to do it).
The main plusses for me in M50 are the compact size, the excellent touch UI, and very nice image quality in still images. That I can use both the new, compact EF-M mount lenses, and (with adapters) also the traditional Canon EF lenses was a major factor when making the purchase decision, since the lens collection of a photographer is typically much more expensive part of the equipment, than the body only. Changing to Nikon, Fuji or Sony would have been a big investement.
The autofocus system in M50 is fast, and in burst mode the camera can shoot 10 fps for 30 jpg shots in a row to fill the buffer. I am not a sports or wildlife photographer as such, so this is good enough for me. A physically bigger body would make the camera easier to handle with large and heavy lenses, but shooting with a large lens is a two-hand operation in any case (and in some cases requires using a tripod), so that is not so critical. I still need to train more to use the controls and switch between camera modes faster, and touch interface is probably never going to be as fast as using a camera with several dedicated physical controls. But this is a compromise one can make, to get this feature set, image quality and lens compatibility in this small package, in this price.
You can find the full M50 tech specs and feature set here in English: https://www.canon.co.uk/cameras/eos-m50/specifications/ and in Finnish: https://www.canon.fi/cameras/eos-m50/specifications/.