Also acccording to Market Watch, Canon will launch a new flagship G-series digital compact camera to replace the PowerShot G9. The G10 boasts 14.7 megapixels, and a Digic 4 processing engine, as used in the EOS 50D and 5D Mark II digital SLRs. Its 3-inch PureColor LCD has a claimed resolution of 461,000 dots.
Aimed at photo enthusiasts and professionals seeking a back-up camera, the PowerShot G10 is scheduled to be available in October, the PowerShot G10 digital camera will have an estimated selling price of $500.
I'm not sure if cramming 14.7 million pixels on such a small sensor is a good move. It certainly is good hype...but practically-speaking, the image quality may suffer. Real sample images should soon come out.