The reasons for not needing it well covered, there are work-arounds.
I like to do time lapse runs from high angles, such as the corner of a room, where I can't get my head behind the viewfinder. There are still ways to get the camera properly positioned (and focused.)
1. Minimum price and control: Connect a small LCD portable TV to the video port, set the camera to low-res mode, shoot, adjust, shoot, etc. Then, using the TV to view the camera's display, set the shooting mode back and delete the test shots.
2. More control, higher price:
Use a laptop with Canon RemoteCapture or 10D Remote (Soon to come from Breezesys) via USB to review the shots, and control the camera.
3. For a quick over-the-head of ground level shot: No option other than trial and error, using the camera's LCD to view each shot after taking it.
Or, use burst mode, pan camera across the scene slightly while shooting, then delete all but the best afterward..
(For this, we need a mark-for-delete function, where you flag any number of shots for deletion, then after ONE confirmation, it deletes all the marked shots. Or, allow the user to mark up to nine shots, so they can all be displayed on one matrix mode screen for confirmation.
I'll take this up in another thread.
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It's only a camera, not a religion!