Yes, PowerShot cameras still exist, though it’s an area Canon does appear to be as serious about anymore for obvious reasons. We’re getting a lot of small updates in the rare new G models.
The Canon PowerShot G9 X Mark III will be no different as far as how big of an update it will be over its predecessor.
Canon PowerShot G9 X Mark III Specifications:
4K @ 30p
FHD @ 120p
Does it feel familiar? It should, this is basically the PowerShot G7 X Mark III with a slower lens and a slightly smaller form factor.