Can Canon save the point and shoot?, article.
We see innovative compact cameras from smaller companies such as Fujifilm, but not often from Canon, they are usually more evolutionary in character. But here's a fresh one, the Canon Powershot N. I rather like it, nice looks and it has a tilt-screen. It is a pure "smart phone era" camera, designed to work with your Android phone or iPhone (or tablets, though I think they should have cell connection).
(Compared to the camera already in phones, it has better low-light-capability, it has zoom (a long one), and 12 MP.) It should come in April at around $300.
It's funny to compare it to the Fuji X20, two brand new compact-ish cameras, but they couldn't be more different.