Just an update to this thread with the release of M240 with Live View.
Some users have reported that they got an error message of "No Lens Connected" when they tried using some LTM lenses.
I believe the problem is due to the fact that for LV to work, the 6 bits sensor on M240 need to be "covered" over. The older adapter (e.g. Voigtlander Type I) with 1/3 of the flange cut-out will leave the sensor uncovered and this lead the camera to think that no lens is attached, thus the error message.
To solve the problem, use an adapter that has no cut-out like Voigtlander Type II (see above for limitation for some lenses) or adapter with 1/6 to 1/4 cut-out like Kipon or Metabones. These latter adapters also have recesses milled for DIY 6 bits coding.
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I would also like to highlight the Note: in M240 Manual page 162 (Red underlined)
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Hi , may I ask where did u buy ur ltm to m adapter which works with m240? I m looking to buy one ... kipon or any brand no preference.. as long as it works haha