I'm in the camp of those who don't agree with the ones complaining for this little baby. I mean, it has always been like that with Canon. Since this camera is probably intended as the new entry level DSLR, it is reasonable it's being equipped with the old 18 MP sensor. Think about this fact: the 1000D/XS (June 2008) had the 10.1 MP sensor previously adopted by the 400D/XTi (Sept 2006) and 40D (Sept 2007); the 1100D/T3 (Mar 2011) had the 12.2 MP sensor previously implemented in the 450D/XSi (Mar 2008), though higher density sensors had appeared meanwhile. In other words, as far as APS-C is concerned, this may denote the 18 MP sensor has reached the end of its life cycle. We may interpret this as a means for Canon to get rid of components they have in stock which didn't receive the marketing success they expected, as it seems it has happened with the EOS M, at least in the western market.
This may possibly imply we are going to have a nice surprise by Canon for the next crop DSLRs to come. We should be extremely happy about this announcement, even though not interested in buying such a thing, don't you feel the same?
Have a look at a couple of old posts by myself, I was suggesting exactly this kind of strategy by Canon:
http://www.canonrumors.com/forum/index.php?topic=12606.msg225245#msg225245
http://www.canonrumors.com/forum/index.php?topic=13266.msg238582#msg238582
BTW, I'm expecting to see this little baby marketed in a variety of colors...
Cheers!