Instead of pouring your hate into every thread why not have a more objective approach backed up with some real experience/evidence instead of just malicious rumour and gueswork?
That's so true indeed.
I think this would make sense that they are looking at an 'entry' MIL camera with the G1X sensor. It has the right attributes that an P&S upgrader would want.
i) It has proven to take really good quality pictures on the G1x.
ii) Its aspect ratio would allow for really compact lenses. Probably something not much larger than what we see on the G1x for the same aperture and focal length range.
iii) It would keep the costs of such a system down, thus more attractive to P&S upgraders.
iv) Its 'upward compatible' with EF mount as well as EF-S lenses. In short make a good back-up camera/secondary travel camera for people who already own EF / EF-S glass with an adaptor.
v) It leaves room for the APS-C sensors of the DSLR cameras.
vi) It leaves room for a separate line of MIL cameras that clearly differentiates itself in the market. Which Canon has tried and proven quite a few times in history. Such as the original Rebel, the 5D, the G1x, the G-series powershots. Possibly an APS-H or even FF MIL camera if they determine there is strong enough a demand for them down the line.
Of course, many of us on this forum would want something that's of higher specifications but economically, its not really so viable for Canon if the market for something 'higher end' is not deemed to be strong enough at the moment.