Very interesting, that silver ring near the body strangely looks like a metal lens mount...
Canon's answer to the Nikon 1?
Like I said, it looks like this will have interchangeable lenses
There's a lot that's very carefully excluded from this image, either by the framing (which hides any possible lens release), or in the case of the writing on the pop up flash, selective blurring.
However, what is clear from the photo is this does share a very close family resemblance of the S series rather than the G series. Both in terms of styling and controls. That makes at least one of those rings around the lens likely to be a control wheel. Like the S series, there is a zoom rocker around the shutter button - this makes the likelihood of it being an interchangeable lens camera very small.
The lens looks far too big for a 5x zoom on a small sensor, so hopefully it's G1X size minimum, or even full APS-C size. Will they put the 70D sensor straight into an S series body?
One thing that is hinted at in the photo which I've just seen is a tilting screen. It's not just sticking out proud at the back, but its at an angle.