Sounds to me like Canon is in Panic Mode. Lots of new cameras No-One is asking for. First the lack-luster M without an EVF, and now an APS-C Super Zoom (without an EVF). Keep throwing things at the wall, something will stick ... Yeah Right!!
Panic mode? They are number 1 in the market, yup, time to panic...
Personally, I would LOVE to have a P&S camera with the 18MB sensor in the T4i/60D/SL1/whatever. Some many people here deride that sensor, probably because they are fortunate enough to have the $1500+ it takes to go for a 6D/5DII setup.
For those of us with much less money the 18MB APS-C sensor is VERY good. Having that picture quality in a P&S body (don't need exchangable lenses, don't need a super zoom) would be heaven.
I dread it every time I go somewhere where instead of pulling out my T4i I have to pull out my P&S. I just know my P&S will do OK during the day, but in lower light it's always been very dissapointing, especially after being used to the images coming out of my T4i.
My only concern of course with Canon is cost, I don't see why they'd make this camera affordable, I wish they would though.