You knew Canon would respond to the large sensor compacts and CSCs recently introduced. And to their credit, they've offered photographers yet another option: a relatively big 14MP 1.5" CMOS sensor (18.7 x 14mm) in a "jacket pocket" sized body with a fixed zoom, ranging from 28mm to 112mm (f/2.8-5.8). Add an optical viewfinder, 3" 920,000 dot articulated LCD, and 14-bit Raw, and you have the just-announced G1 X (not to be confused with Panasonic's competitor, the GX 1.)
The 1.5" CMOS sensor is larger than the sensors found in micro four thirds, Nikon 1, and FujiFilm's X10. It's a tad smaller, however, than APS-C that used in Sony's NEX line of CSCs.
Basically what Canon is saying with the G1 X is this: if you want a big sensor in a small package, but don't want to mess with interchangeable lenses, we've got the camera for you. So for the estimated street price of $799, you're done.
We'll see how the market responds to this proposition when the camera starts shipping in February.
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