SO happy I have a Mk. II. Aside from additional jpg tweaking/sharpening, I could NOT see spending the addtl. $$ on a III. The raw outputs are virtually identical. And especially if it has the 7D focusing system, which is a total pain in the ass. I predict the Mk. II will go down as Canon's greatest machine ever overall.
Love my TS2, but please, Panasonic, control the noise! No, it's not smudged like my Sony WX10, but it's nasty and blotchy. Otherwise, it seems a well-designed, rugged machine- unlike the new all-touch screen Sonys!
SammyToronto: I guess with camera phone sensors being as high as 12mp these days, camera manufacturers feel they have to cram even more mp's into tiny sensors to make their point and shoots seem superior to the average customer. Point and shoot sales have been dwindling recently, with many would-be customers using their camera phones for point and shoot duties (e.g. iPhone is the most used "camera" on flicker!) and the new, more compact breed of mirrorless cameras also having an impact.
I, for one, don't think I'll ever buy a point and shoot -certainly not one with 18mp- unless as a gift. I have a compact mirrorless camera (e-pm1), a DSLR and a good camera phone (Nokia N8), which cover all my photographic needs. I also have a clutch of old point and shoots currently collecting dust in my closet.
I'll stick with my WX10. Flimsy, but really sharp (if you can put up with the NR) and GREAT video. Blows out flash shots, but all Sonys seem to. For all-weather, it's the super-durable Lumix TS2 for me- NO DAMN STUPID TOUCH SCREEN! If only I could merge them both...
My 2 cents: I'm a pro and I own the Tamron 17-50 2.8 VC. It's a truly spectacular lens which I highly recommend. I originally owned the Sigma, but rapidly discovered it had focusing issues with Canon bodies. The Tamron turned out to be superior in the end anyhow. Also highly recommended- the Tokina 12-24 f/4. Solid build, great optics. And hey, any chromatic- present in MOST aps-c lenses- is easily dealt with via Lightroom anyhow.Best advice: TEST more than one of any of these independent brands at max aperture in-store, if possible. They DO vary in quality! Demand the pick of the litter.