Yes, the M262 has two main pages and the M240 has five. BUT that doesn't tell the whole story. Have you compared the M240 vs M262 features and instruction manuals? :-)
Originally Posted by airfrogusmc
The M262 menus are shorter for one of three reasons: functions have been moved to submenus, functions are simplified and have no options, or functions are not supported. It's up to you whether having options is important or whether you consider the simplified functionality adequate to your needs and desires, independent of the elided features.
If you difference the M240 vs M262 menus, this is what you get ... considering the M240 menus as a baseline, the M262 menus are different the following ways.
auto slow sync
flash sync mode
That's one page right there. Is it easier to get to these functions through a submenu or on the main menu?
light metering mode (no advanced modes, only classic)
DNG Compression (can't find whether it's compressed or uncompressed)
frame line color
acoustic signal (does it have one? can you shut it off?)
histogram (only intensity)
exposure metering (only classic mode, no pattern options)
color space (only sRGB)
film mode (eg: missing B&W film and filter modes; only contrast/saturation/sharpening)
There's a second page removed due to simplification/no options.
There's the third page. These are the truly unsupported items due to the removal of Live View, EVF support, and video recording. You could consider two of the second set (light metering mode and exposure metering) to be in this class since they are dependent upon Live View.
Analyzing the M262 menus, I would say that the M262 would likely be fine for me, but I would miss the options on DNG compression, frame line color, histogram display, and film mode. I don't think putting the flash and image quality items into submenus is any simpler than having them on the main menu either; it's just different.
And as I've said before, on the occasions when I use the 24, 90, or 135 mm lenses, I find the M/M-P typ 240's EVF nets a better viewfinder and improved focusing accuracy. I don't use these lenses that often, but it's nice to have the option.
If I truly wanted utter simplicity, I'd buy an ME60 body, 35-50-75 lenses, and that would be the whole kit. No JPEG engine, no display, no video, no live view, just a simple camera and raw files. :-)