Canon will release an EF-S 35mm f/1.8 for $200?

[neuroanatomist]

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EF-S mount

Irrelevant, from a mount perspective. EF mount lenses like the EF 35mm f/2 work on both 1.6x crop (EF-S-compatible) and full frame bodies.
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Why would they when you can get the EF 35mm f/2.0 for $300?

To quote Daniel in the other thread, discussing the $200 Nikon 35mm lens:
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If they copy Nikon, then it will. The Nikon 35mm f/1.8 has their best autofocus motor with Full Time Manual. It also has rounded aperture blades, an aspheric element, a good manual focus ring, and good optical performance (some ways better than the Canon 50mm f/1.8 and other ways slightly worse). All for a very low price. Personally, I'd buy it even for $300.

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So, the EF-S mount, in the sense that it reduces production costs since the image circle needed is smaller, meaning less glass, would (hopefully) mean that better IQ and ring-type USM could be added to the lens, while keeping the cost low.