I suspect that he was thinking of the recently announced Canon G1X.Well Canon G1 has been discontinued for a while now.
http://cpn.canon-europe.com/content/education/technical/canon_powershot_g1_x_compact_explained.do
The sensor in the Canon G1X should be better than the old sensor in current Olympus PENs. When tested, it will be interesing to see how it compares to current Panasonic mirrorless cameras.
(I wouldn't pre-order any camera, before it has been thoroughly reviewed.)