oh yeah great, exactly what the world needs.. another P&S powershot.
Sales (profits) of "lame P&S" fund R&D that goes into DSLR's.(*)
In general, yes, we need Canon (and Nikon and Sony and...) to have profitable P&S products to drive R&D.
lets hope the 70D will be announced and not only
+1
(*) This is a general statement of how business works; I don't have specific figures on sales/profits and how they're used within Canon.