Canon G11 £569 ridiculous price

With the imminent release of the Pana GF1, for round about £670 with lens and the ability to attach pretty much any lens you like via adaptors Canon are pitching this W-A-Y too high IMHO, that's around $910 at todays ex. rate and £170/$270 more than the G10, I predict the price will drop rapidly over the next couple of months. Whoever came up with this ridiculous RRP for what is ostensibly a P+S camera needs firing and replaced by someone with a some sort of grasp of reality and current market conditions.