If this camera doesn't provide much more than compact size and DIGIC5 processing, why then the high price? It seems to sport similar (dated) sensor technology of the 7D and a cheap plastic body too?
A rebel T3i kit can be had for about $100 less. Except for the large APS wafer, I would have thought the SLR-mirror- and lens mount mechanics to form rather an expensive portion of the price of a DSLR body, or am I mistaken? I presume the glass in the G1X is no more special than that found in a standard kit lens?
I absolutely love the concept, though! IMO it makes way more sense than than a CSC! If only it were released at least $100 less, I would have bought one for Christmas if the price dropped to $600!