Canon is apparently scheduled to release a new EOS-M camera some time soon. Although this camera is not as successful as the Canon Rebel, EOS-5D and EOS-6D line of full frame cameras, Canon has not given up hope yet. Management realized the weakness of the EOS-M and is trying to remedy the situation, revive the entire line and give it another go.
Although the mirrorless camera market is doing quite well in Asia, especially in Japan where it is very popular with women, Canon is paying the price of playing catch up with their competitors in this segment. Being the only major manufacturer without a mirrorless camera, they rushed out a product last year to fill the gap and now realized the limitations of their hardware design.
The next generation of EOS-M, should fix the problem once and for all, but at a higher price point. There may be two models. One is a basic model and the other one is a higher end product, complete with a viewfinder and new AF system. Canon will also announce a few new STM lenses, including a 18-135mm compact, a longer zoom and maybe a prime lens as well. For some unexplained reason, Canon is not releasing their recently introduced EF-M 11-22mm f/4-5.6 lens in the United States.