There is no doubt that many digicams can get under 50mm and perhaps down to 30mm very effectively.
This image came from controlled conditions in a dive pool, fresh water. Equipment consisted of an Oly c4040 and Inon 165 macro lens in auto focus. Distance from lens 10cm:
ExposureTime : 1/125Sec
FNumber : F5.6
ExposureProgram : Manual
ISOSpeedRatings : 100
ExposureBiasValue : EV0.0
MeteringMode : Spot
LightSource : single DS 125 TTL
Flash : Fired
FocalLength : 21.00(mm)(103mm equivalent)
Full frame, no cropping. Only modifications were resizing and (extreme!) compression to 52.1kb. No other Photoshopping, no unsharp mask, etc.
Full frame width 36 mm. I believe I see CA's begin at 15mm from center. I purposely avoided characterizing the aberration (i.e. slight, noticeable, moderate, etc....) in an attempt to request objective feedback. Also highly reflective surface and contrast should be considered, yes?
This test was part of a DOF study and was not an attempt to determine how close or large I could get the image. I will conduct that test though.
I hope it adds content to the discussion.....