rrcphoto: things can be done, but far superior? Ugh, no, not really. I have not seen single shot superior in quality to the old M. I had a chance to have M3 for $380 new, and I still skipped.
That powershot thing is really big let down. And what about that small display? They definitely could put bigger one in there. The mechanism has great area for 3,5" if not larger.