Not a rumor: new Canon PowerShot compact camera with a large sensor under development

Canon-PowerShot-compact-camera-with-large-sensor
Canon is now officially working on a new PowerShot compact camera with a large sensor, high zoom capability and compact body as you can see from this official Canon Hong Kong press release (thanks to the anonymous reader who sent me this info):

New PowerShot Digital Compact Camera Under Development
Featuring large image sensor, high zoom capability and compact body

Canon is developing a new premium digital compact camera that combines the merits of both large image sensor and high-magnification optical zoom lens in response to the demands from users looking for high quality high zoom performance. Offering both convenience from a compact body and excellent super telephoto performance, this camera is perfect for everyday or travel shooting in high quality.

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