Attention Canonauts, your G-11 has been announced. Canon's serious compact has the same lens as the G-10 but they've rolled back the pixel count, raised the dynamic range and restored the flippy screen.
http://www.usa.canon.com/templatedata/pressrelease/20090819_powershot.html
At about 13 ounces without battery it's inching close to the pound range in carry weight, but it's also a lot of camera. I'm betting the image quality will take a big step up with the reduction in pixel count.
The new S90 is a more weight-conscious alternative worth checking over as well.
Cheers,
Rick

