Canon PowerShot S100 premium compact introduced

Canon has announced a pair of new cameras, with the first being the PowerShot S100. This is the replacement to the S95, a high-end compact camera that is one of my favorites. What's funny is that this isn't the first PowerShot S100 Canon has sold -- there was a Digital ELPH with the same name way back in the year 2000. Anyhow, here are the details:
PowerShot S100 [specs]

• 12.1 Megapixel , 1/1.7" "high sensitivity" CMOS sensor
• New DIGIC 5 image processor improves noise reduction and white balance
• F2.0-5.9, 5X optical zoom, equivalent to 24 - 120 mm (wish it was a bit faster at the tele end!)
• Optical image stabilization; new Intelligent IS function picks the right type of stabilization (panning, macro, dynamic, tripod, etc.) based on the scene
• Ultra-compact body, comes in black and silver
• 3-inch LCD display with 461,000 pixels
• Built-in GPS with logger function
• Full manual controls, with RAW support
• Customizable ring around lens (same as S90/S95)
• Smart Auto mode selects a scene mode for you
• Takes up to eight full resolution photos in a row at 9.6 fps in High-Speed Burst HQ mode; can shoot nonstop at 2.3 fps in other modes
• Plenty of special effects, plus an HDR mode
• Records Full HD video at 1920 x 1080 (24 fps) with stereo sound and use of the optical zoom
• SD/SDHC/SDXC slot (no internal memory)
• HDMI output
• Uses NB-5L lithium-ion battery, 200 shots per charge
• Ships in early November for $429