After years without an update, Canon is finally giving their 50mm f1.8 lens some new moxy. This is their third iteration in the EOS lineup and it seems to combine the best of both of the previous versions. The Canon 50mm f1.8 III has a metal mount, seven aperture blades, new lens coatings and a new STM motor for more silent focusing.

The new lens can focus and close at 14 inches away, has a 49mm front filter thread and weighs in at only 5.61 oz.

Best of all: it’s still cheap on the price-side of things.

The new lens will be available for $125 and is currently on pre-order at B&H Photo. Shipping begins later this month.

We’ve got no word if this thing is capable of resolving the 50MP Canon 5Ds or 5DsR; but if it is then it has stepped leaps and bounds ahead of lots of the company’s L lenses.