You know, this actually looks pretty good for my uses.
I've been considering an EOS M for a long time as a "spare" camera - something I'd carry around with me day-to-day when I don't have my SLR around. However, it's still too big to keep in my pocket, and assuming the PowerShot has decent-enough image quality (I mean come on, phone pictures are *awful*), then I might end up picking one up!