I recently bought a VERY beat up old M 50/1.7 on ebay, with lots of dust inside, smudges and fine scratches on the glass, and the rubber separating from the focusing ring (listed, in true e-prey fashion, as "very nearly mint"
).
I snapped off a few pics of my one-year-old son playing in a window earlier today, and all I can say is WOW! Forgive the FF in this shot, but the sharpness, color, bokeh, and contrast this lens gives is pretty damn sweet.
I'm gonna have to get me another one in better shape. Now, off to KEH...