Nice rumor timing. So, who thinks Canon will go all out to compete with the just released $2100 Sony???
Of course, if going all out they'd need to:
1) give us a sensor with similar DR & low light noise to the ZVE1/FX3/FX6 sensor, which would be Canon's C300III/C70 sensor. (The other current Canon sensors unfortunately don't come close.)
2) give us the full AF capabilities of the R3, and then wildly improve them so human bodies are recognized (not just faces), like the A7RV & ZVE1.
After adding in some auto AI framing & improved built in audio, Canon would be there, apart from the s35 cropped sensor. However, at least apart from sensor size, they'd have a apples vs apples offering. Throw in a fan as well, and Canon would be ahead.
Astonishingly (to a long term Canon user), Sony has put ALL of their best tech in a $2100 camera.