How can you say an interchangeable lens camera is no more versatile than a camera phone that cannot change lenses? Can you add an external flash to a camera phone? I have a droid X and can tell you it takes lousy photos and forget it if they move.Canon had a chance to do the extraordinary and once again settled for the ordinary.
I realize that the camera has interchangeable lenses and hot shoe. And those are nice things. But without an articulated screen, there's only one way to hand hold it and almost no way to steady it without a tripod or monopod. Which makes it the equivalent of smart phone with extra lenses. A very front heavy smart phone.
Oh wait, smart phones have built in GPS and a built in flash. I guess the M is stripped, not equipped.
Canon needs help.