The small camera seems interesting, but I have big hands. It does seem to fall in line with Canon's many comments saying that they believe that a smaller body is what users want.
If the body has a high performance, enthusiasts may want one, but it does sound like another upgrade path for point and shoot users. All the camera manufacturers are seeing huge drops in P&S sales and each seems to have their own idea of a upgrade path. That's critical because P&S sales generate a lot of income.
+1 ... also, putting an APS-C sensor in a small DSLR body takes some skillful engineering ... kudos Canon.
5D MK III, 16-35/2.8 L II, 24-70/2.8 VC, 24-105/4 L IS, 70-200/2.8 L IS II, 100/2.8 L IS, 40/2.8, 50/1.4, 85/1.8, 150-500 OS, 600EX-RTx2, ST-E3-RT, Rokinon 24/3.5 T-S, D7100+18-300 VR, YN568EX, 055CXPRO4+468MGRC2, 190CXPRO4+322RC2, Gorillapod Focus+496RC2, CamRanger, B+W filters, Konova K3/31.5 etc