G7 may show as best compact today anyway, even IQ-wise. Sure Fuji
has better low-light, but otherwise its nothing much.
In brief:
"otherwise its nothing much"?! There are many wholeheartedly prosumer offers from many manufacturers (mfr's) like Fuji (eg S9000) and Panasonic (eg FZ50 and LX2), let's not talk about unconventional (large-senored) prosumers like Sony R1, Sigma DP1 or Leica M8. Even image-quality-wise many of these seem to be superior to the G7, see the link to lesnumeriques.com below.
In detail:
By wholeheartedly convetional prosumer, I mean generously offering all what u expect from a real prosumer: RAW, movable LCD, remote control, some mfr's offer 28mm in combination with other prosumer features...etc features which Canon is no longer willing to offer.
Panasonic has a reputation of having the noisiest sensors but uses excellent lenses made by Leica. Fuji has a very nice sensor like the famous one in the F30/31, (I am not sure if this is the same sensor as the S9000), but S9000's IQ is disappointing (too soft) maybe the lens was not very good quality. The processor in the Fuji's or the Panasonic's should not be a deal breaker for a would-be prosumer buyer who shoots in RAW which switches off in-camera processing.
Anyhow at least FZ50 and LX2 seem to be able to pick up more details than the G7. In additions to the generous feature set, they are bundled with a much more capable software pkg (SilkyPix) than Canon's ZoomBrowser. I downloaded a free trial of SilkyPix and used it for processing both JPG and RAW images from my Pro1 & A610, it makes a whole difference in all cases compared to what I get from ZoomBrowser (too basic and old fashioned compared to SilkyPix). But one can buy SilkyPix or better Bibble Pro for 100$ or 130$ respectively (so it should be taken into price consideration but not a deal breaker like the other features missing in the G7 which u can never be bought).
Check this G7/FZ50 IQ-comparison:
http://www.lesnumeriques.com/duels.php?ty=1&ma1=1&mo1=256&p1=1464&ma2=60&mo2=233&p2=1323&ph=2
In many images (or crops) in this comaprison FZ50 seems to be better in sharpness/details but a bit noisier. Both cameras are 10MP and 1/1.8" sensor. G7 seems to apply more NR (noise reduction) (I read on this forum a poster reporting Canon to say that the new DIGIC III in G7 applies more aggressive NR). While Panasonic has always been known for their low NR approach in their JPG (+ u have RAW which would switch off any NR). If u like to reduce noise, the SilkyPix pkg which comes with FZ50 has sophisticated handling of NR/sharpness (with many parameters and presets), so u can choose and play with these to make the balance that u think is right between NR & details (instead of G7's obligatory aggressive NR which is designed to impress only stupid people: "Very silky images just like a DSLR" they think).
Anyhow the lesnumeriques' comparison is not enough, I look forward to the G7 review on this site and the FZ50 on dcresource (vice versa are already available) to know with more cetainty who the IQ of these two cameras compares.
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Ahmed Elnagar
http://profile.imageshack.us/user/pixelminded/images