Canon, in the past couple of days made an annoucement of the release of the sucessor to the PowerShot G10. Surprisingly, the replacement for the G10 came early and with noticeable downgrade in megapixels. The G11, is similar to the design and size of the G10 (if not the same), but now has a 10MP CCD instead of the 15MP. Canon, has states that drop in pixels are designed to improve in low-light image quality. Also, absent in the G11 model is HD video.
Whats more interesting , Canon has also announced a new model, the S90, which from specifications it seem like a micro version of the G11, with a cool focusing ring. Again, 10MP and no HD video features.