I've been dealing with Gary at K&S for years, and he bas guided me in pretty much all the cameras I've been using of late. During the course of our conversation, I took out my Canon Powershot S110, with which I shoot most of my pictures, and asked if there was (yet) any camera in this class. Yes, there was, and I ended up getting the new Sony Cyber-shot DSC-RX100, a powerful and innovative little camera, about the size of the Powershot, but with significant advantages: a Leica lens, a sensor that is 4 times that of the Powershot, a great panorama function, and other features.
This will be, as was the Powershot, the camera I have on me in a fanny pack most of the time. I'm willing to pay a little more at a "bricks and mortar" store as opposed to Amazon. Here, I would never have known about this camera by rooting around on Amazon. It's worth something. Most of my photos that will appear here in the future (starting next week) will have been shot with this camera.