A >35% percent shrinkage in sensor area makes it a mere good phone cam. With RX100 there is no chance against pocket cams anymore, unlike when the 808 came out. It won't hurt if this becomes more popular, but now the mobile phones went back to the megapixel race.
Digital Suicide: Cmon, panasonic? Where is your LX6/LX7? Canon is ahead in the market with S100.
Yeah right. 4/3:s tend to have about 2 stops better image quality than S95/LX5 etc., but then again their F value with ok zoom range destroys that advantage for any low light shooting. At the same time they don't fit anymore into pockets unlike the compact cameras.
And when it comes to mobile phones, yes Nokia N8 comes close to normal compact cameras, but that's really The only mobile phone with largish sensor area, and it really doesn't match anyway with S95/LX5/XZ1 (S100 review pending, so not mentioning that).