Noktor 12mm f/1.6 will cost $499 and available in August

SLRmagic informed via Twitter that the new 12mm f/1.6 lens for Micro Four Thirds will cost around $499 and be available in August. The lens is made of metal and designed froms cratch for Micro Four Thirds.

As you know Slrmagic already makes three lenses (but they are not as good as the new Noktor):
SLR magic 11mm f/1.4 lens you can preorder on eBay (Click here)
Toy Lens 26mm f/1.4 lens on eBay (Click here)
SLR Magic 35mm f/1.7 MC lens on eBay (Click here)

What do you think about the price?

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Click on the thumbnails below to enlarge the pictures. All pictures have been taken with the Noktor 12mm preproduction lens!