@Dark-Master: don't think that there will be usable non crop raw video on the eos m. the method canon scales the image down (by just skipping lines and rows, instead of interpolation) combined with the reduced vertical resolution from the sqeeze factor leads to miserable quality. but i don't know, maybe 1% can tell you if there is any hope.
i also had problems with the extreme cropfactor in crop mode first, but you can get used to it. especially with the new 11-22mm lense or a speedbooster (as soon as one for eos m is available) it should be possible to get wide enough angle of view for most situations. since it's cropped from the center and wide angle lenses are mainly distorted at the edges there shouldn't be much barrel distortion or stuff like that with wide angle lenses. have tested it with sigma 10-20mm, but don't use it much, since it doesn't has IS.