Lost amongst the kerfuffle over their new "affordable" FF body, Nikon may be preparing a backpacker-approved P-series compact.
http://www.flickr.com/photos/nikonrumors/2630082004/sizes/m/
If legit, this has a lot of potential (RAW, 28mm, 22mm WA converter, optical viewfinder, even gps tagging), but again with the pixel cramming on a tiny chip.

