Of course Canon could have gone the same way as Nikon, modifying its (decidedly outdated) breech-lock FD mount for autofocus purpose, but then they'd struggle with it. So changing the mount was a wise decision. I can safely say that unification of Pentax K-mount is higher than that of Nikon. My digital K-x can give me focus confirmation and stop-down metering with any SMC-M lens, while Pentax-A lenses can also work in aperture priority. Can a regular AI lens do any of those when mounted on anything Nikon has to offer as equivalent of cheap as K-x? They can't. But although Pentax had some exceptional pieces of glass, they kinda never tried hard enough to produce a high class film camera. They all lack something. Except for LX, which lacks lower price tag!!!
One of the things I've noticed about Canon is that when they design a lens mount, they really seem to think of everything. Every single FD lens is fully compatible with every FD body, and even FL lenses aren't THAT bad to use in stop-down mode at least on an original F-1 and FTb(I wouldn't want to use one on an A or T series body). There were features of the mount that were never actually even put into use, but from the beginning it had things like a maximum aperture lug and linear operation of the aperture lever(the latter mechanically distinguishes AI lenses from AI-s on Nikon, and is a big deal when you start adding shutter priority or full program). Even though it was more complicated, I also think Canon was smart to have two separate actuators-one to stop down the lens and the other than can be used either to communicate the set aperture to the camera or to control how much it stops down-depending on the camera.
With the EF mount, Canon may have upset a lot of people with completely ditching the FD mount, but they definitely got it right. As far as I know, aside from EF-S lenses, every genuine Canon EF lenses is fully compatible with everything from the EOS 620 up to the latest and greatest DSLR. There's no "this kind of works if you don't mind using this feature and only works in certain exposure modes" or "This works, but VR doesn't work." Everything just works. You could write a book on Nikon compatibility.
Then, there's the fact that the F mount has a really small throat, and they couldn't manage f/1.2 in anything other than 50mm-range lenses. The Z mount has fixed that, but of course that's useless to film shooters.
I've noticed that I have to be extra careful and do a thorough research before acquiring any Nikkor lens. I can convert a non-AI lens to AI with power tools and I will use them without stop-down metering subsequently, but if the optical scheme is poor, there is no fixing that. One more thing I've learned after owning two different f/1.4 lenses is that it's an unnecessary gimmick personally for me, considering exposure latitude of modern films and the fact that there's no dramatic difference in VF brightness between f/1.8 and f/1.4
Admittedly the "bad" Nikon lenses are few and far between. I too don't know why the Series E 50mm brings such high prices-it is small but it's not THAT small(you want a 45mm f/2.8, either design, if you want small). The other series E lenses are really quite good, and admittedly the 50mm isn't terrible. I just think that the AI-S version is a lot better, and thanks to the high prices the Series E the price difference isn't that great.
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I don't think I'll ever go down to the roots (F/F2/Nikomat) since I value compact form factor and light weight. Although some people consider FE to be a direct successor of Nikomat EL. And of course, stop-down metering of every shot is a hindrance. So here comes a conversion to AI.[/QUOTE]
As much as I love my Fs and F2s(the F2 more so), they are not exactly small and light. The F3 actually-to me-seems a lot lighter although it could be my imagination(plus if you want to shoot in manual mode you have to deal with the awful little tiny LCD with a half hearted attempt at an illuminator).
The EL2 is the direct successor to the Nikkormat EL, and even though it's not branded Nikkormat it is in a Nikkormat-style body. The FM and FE can be considered successors to the Nikkormat series(the former the FT3, the latter the EL2) but are a fair bit smaller and lighter. That's not to say that they are compact cameras by any means-they still feel big and chunky next to an A-series Canon or any of the Nikon EM-derived bodies(EM, FG, FG-20). They're also big next to the Olympus OM series, although the latter feel much more solid than the Nikons.
As small Nikons go, I may be the only one around who will admit to this, but I'm actually rather fond of the FG. It reminds me a lot of an AE-1 Program, and I think that's what it was trying to compete with. It gives you A mode, but I find the match LED system a lot easier to see in low light than the EL/EL2/FE/FE2/FM3a, and it gives a whole lot more information than the +/o/- LEDs of the FM/FM2. It may well be my second favorite meter read-out on a mechanical camera, behind the match-needle system on the Canon New F-1. The FG even offers a program mode, although I've never used it and don't necessarily trust it(especially since, like the AE-1P, you have no way of know what aperture the camera has picked). I have an EM for the sake of completeness in my collection, but I've never run a roll of film through it-I'm bothered by it's almost total lack of any user input, and its lack of information as to what is going on in it(aside from the annoying beep to tell you that the shutter speed is below 1/60th). I need to get an FG-20-I honestly don't have any excuse since they're so cheap now.
You also have the FM-10, which was only discontinued recently. It's not a half bad camera, and Galen Rowell loved it for how tiny and lightweight it is. My chief complaints are the fact that meter is on the left side of the viewfinder(a small quibble, but one that I find uncomfortable) and the fact that it requires you to hold the shutter button to a half press to turn on the meter. It's not on any time the advance lever is "clicked" out like the FM, and doesn't stay on for several seconds after a press like the FM2(n) but those are small quibbles.