> The bokeh of the M lens seems to exhibit the "donut" effect a
> little more at larger apertures.

I do think that the M 40/2.8's bokeh is a bit harsh (see
http://plg.komkon.org/m40_28/m40_28.html in the Pentax Lens
Gallery).  However, I usually (myself, anyway) reserve the term
"donut" effect" to the particular bokeh effect that mirror lenses
seem to produce (the "hollow circles" they seem to cause).

Fred

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