Valentin Sama of DSLR Magazine wrote on his blog that Canon is working on a new "Super G" compact camera that will probably be announced at the CES (January, 2012) or CP+ (February, 2012) show:
Canon is working on developing a digital compact camera, far superior to anything that might now be in its catalog of more than compact. The new camera can hold the letter "G" in its name, but in reality would not be a successor to the G12 , but a sort of "Super G"
This probably explains why Canon did not update their 2010 G12 model in September as they usually do. Here are some rumored specs for this Canon "Super G" or "Power G" camera:
