Well, I like the idea of it. I'm thinking of another compact camera, and this was in the running.
I have a Pentax dSLR system. It's great, but I find myself not carrying it because of bulk. I never thought I'd turn into one of these people, but I have. The dSLRs are better, but just not enough better to justify carrying them over a high-end compact.
So a couple years ago, I bought a Canon S90. (S100 is the latest iteration) Man, do I love this little camera. I actually left the Pentax at home when we went to Krakow and Prague a year or two ago. I got
some good pictures, too, if I may say so myself. Only occasionally did I miss the SLR, and nothing bad enough that I'd have carried it if I had it to do over again. It was only when the 105 mm was not quite enough. 140mm may have been enough. Here are two other past threads of mine on the subject, you may find them worth a read:
http://www.thephotoforum.com/forum/...14-canon-powershot-s90-photographers-p-s.html
http://www.thephotoforum.com/forum/...ulk-quality-vs-portability-having-camera.html
Now, back to the G1-X. I'm looking for another high-end compact camera to try to get back just a bit of the SLR's advantages without the bulk. The thing I find myself missing most about the SLR is the hot shoe, to which I could mount a bounce flash and get decent indoor flash pix. I also would be glad to keep the large sensor of the S90, get a faster lens if possible (esp. at telephoto), and I wouldn't say no to a touch more telephoto either, hehehe.
But I did consider the Canon S100, G12, and GX-1. (when it comes out)
- The S100 doesn't seem to me to add enough to my S90 to make it worth going to. The extra telephoto might be nice, but it is slow. The GPS is worthless to me. Having just bought a dedicated HD camcorder with an f/1.8 lens, that feature isn't enough to win me over. The 24-120mm zoom range was seriously tempting. But it is only f/2 @ 24 mm. At 120 mm, it is f/5.9. Fail. That is like any other compact, not like an S-series or G-Series should be.
- The G12 is really nice. I like the direct controls, articulated LCD, hot shoe, and a serious extra amount of telephoto. But the lens isn't really any faster, and it has the same sensor. Maybe not quite enough going for it to justify the upgrade. Reports indicate that the optical viewfinder is all but useless.
- The G1-X is also really nice. The main feature being the much larger sensor. But then the lens is 1-2 stops slower, so much of that advantage is thrown away when the light has to fight its way through the dark glass.

OK, so maybe that's overdoing it a bit. But it is a fair point, yes? It is an f/5.9 or something at 140mm. On an $800 camera, that is an epic FAIL. Also, the optical viewfinders is said to be pretty bad. Mostly a back-up feature.
- The Olympus XZ-1 seems to have just the right mix of everything: FAST lens, (only f/2.5 at full telephoto!) slightly larger sensor than that of my S90, 7 mm more telephoto, and it is two stops faster there! Good control design, Hot shoe, Zuiko lens. Good price. So they still just have the largish compact sensor, but with that killer lens, they're really making the most of it!
- Pentax, where are you? No, a tiny interchangeable lens camera with a tiny sensor doesn't cut it in this niche.
Still on the fence between the XZ-1 and G12, but leaning toward the XZ-1 due to faster glass instead of more telephoto.
To those of you who feel there's no point to these cameras, just think of what you could do with one of these. Unless you do wildlife or sports photography, one of these cameras could do everything you need, and with very little bulk, even from the Canon Gs.
That was long, but hopefully had some good points in there.