====UPDATED 4/23/2012====
I've used this lens for quite some time now. Experimenting with different settings, cameras, etc.
First off, I'm an enthusiast. Not a professional. I've done a little homework, but I have no degree. Feel free to correct me. Also, I use this with a Canon T2i mostly. Sometimes with a 35mm film Canon.
So on my T2i, this lens performs well in low light. Obviously your camera body has a lot to do with compensating with low light! Be it with higher ISO (noisy!) settings, sower shutter speed, or whatever. The Tv/Av settings to manually adjust the shutter speed work well with disabling the light compensation.
With this said, I used this lens on a Canon RebelG 35mm film camera recently. I didn't mess with the settings much, nor did I use flash. Just straight program settings, point and shoot. Without all the fancy low light compensation, the poor low-light performance of this lens shows through. It's an f/3.5 to f/22 lens, manually adjusted. Even at f/3.5 it had a hard time taking pictures in low light, however this was just with my settings. I'm 100% confident I can use a flash and/or change settings, shutter speed, exposure stops, etc and get better pictures with low-light.
___This is a completely manual lens, how well your pictures come out can heavily depend on the skill of the photographer and how well s/he knows his/her camera!___
Also, I have experienced over exposed pictures with excessive sunlight. Especially with ISO400 film, f3.5, and no exposure adjustments. My T2i can compensate for all this. The film RebelG, not so much.
This lens works with APS-C cameras. If you were to use it with a full frame camera such as the original 5D, it will not only show the lens hood, but even the "walls" of the barrel. The pictures taken with a full frame camera aren't admirable or desirable. Search around for cutting off the lens hood if you want to, because it can be fun to use it with a 35mm camera. I have attached a pictures here showing the product of a 35mm camera.
This is a 5-star lens for it's price range. Originally, I said I'd like to upgrade to a
Tokina ATX107PRODXC 10-17/3.5-4.5 AT-X 107 Pro DX AF Fisheye Wideangle Canon Digital SLR Zoom Lens USA - Canon EOS Lens eventually, as this seems like the next best lens. Well, even if I get the Tokina, I still will be keeping the Pro-Optic. Because this lens is completely unique. I feel that with this lens, you get more than what you pay for. Even though fisheye pictures are generally only 'for fun.'
I don't use video much, yet I can say it has great performance. However, I think this may also depend on the camera. With the T2i at highest framerate, HD video is crisp and clear. More than appropriate if someone is wanting to use this for extreme sports.
I would list the lack of an autofocus as a con, however, the focus is actually somewhat negligible. It "focuses" up to a minimum of 12 inches away. Yet if I blow up the 18 megapixel picture to full size, the focus is barely noticeable. Other than this, it's quite obvious that the focus isn't important as an 8mm lens is hardly a macro lens. Furthermore, I haven't shot with ISO100 film yet, but on ISO400 the pictures have noticeable noise, and some haze. On my T2i, it is extremely difficult to focus subjects close up. I generally leave it on infinity and fire away.
I've had this lens about 10 months now, bought directly from Adorama. It's perfect for an enthusiast or if you're just recording some friends skating or skiing. After much experimentation, this manual lens is pretty good for teaching some fundamentals of photography, and once you figure out how to use it you can take some pretty cool shots!
Pros:
-Very sturdy, HEAVY. (I'd dread to drop it..)
-Low price compared to other fisheyes.
-Minimal distortion/chromatic aberration.
-Can adjust to make it darker, resulting in a vignette effect.
Cons:
-The lens cap is not as sturdy. I feel that mine will likely break soon. No doubt it's proprietary and might be hard to replace.
Pro and Con:
-Manual lens proficiency. If you don't know how to use, it, you'll learn if you stick with it!
PROTIP
They're a bit pricey, but if you're wanting to learn more the fundamentals, then check out some other manual lenses like the
Rokinon 35mm f/1.4 Lens for Canon Cameras or
Rokinon 85M-C 85mm F1.4 Aspherical Lens for Canon (Black) and search the internet or get some books!