littlebitstrouds: http://www.youtube.com/watch?v=Q2aFtnLe7msShot on an RX100 and edited in 5 min. Now that I can play with the RAW files, I've edited some amazing shots on it too. I absolutely love this camera, and I work with 20k camera rigs on a daily basis, but this thing really does fit in my pocket, and I take it everywhere with me. The best camera is the one you have with you, and this is always on me.
I would say it's a new camera in my pocket, but where's your SLR dude? For me it has worked out exactly like that. Traded my dslr gear for the RX100 so that I would carry the camera everywhere. Surely it does not replace the biggie in all respects. It's a matter of one's photographic needs, period.