The Canon PowerShot G10 is the successor the popular PowerShot G9.  The G10 entered the arena at a $499 retail price.  It can be found at slight discounts now at the following trusted online retailers:

Amazon

Adorama

B&H Photo

Canon G10 Key Features

• 14.7 megapixels
• 5x optical zoom (28-140mm equivalent)
• DIGIC 4 image processor
• 3″ LCD 460,000 pixel resolution
• RAW capture  (for Canon Digital Photo Pro)
• ISO 1600 (w/ ISO 3200 at low res setting)

Canon G10 Reviews

Photocrati

Buy it. It’s easy to carry and will always come in handy.

Neocamera

At the lowest ISO settings (80 and 100), the G10 resolves details well and shows little image noise. Color and focus accuracy are also quite good, although overexposure is sometimes a problem.

Imaging Resource

Print quality is quite excellent from the Canon G10’s images, with good color. Conservatively, the ISO 80 JPEG images look great at 16×20 inches, and are usable at 20×30 straight out of the camera; sharpening and processing from RAW can sharpen things up considerably at all ISO settings.

CrunchGear

On the whole, however, I would recommend this camera for the amateur who wants to take some serious outdoor or posed/still shots.

Canon Professional Network

First off, sensor resolution has been increased from 12.1 to 14.7 megapixels. Before anyone groans, the addition of the latest DIGIC 4 processor has made those pixels genuinely useful and image quality has been upped, even at higher ISO settings.

Photo Induced

Solid, beautiful digital files, even as the Canon RAW format has been incorporated into the most popular photo editing software.

Digital Photography School

Each day I became more and more enamored with the quality and accessibility of this little camera.

Cameras.co.uk

If you are serious about photography and would like a camera with SLR features, but without the bulk then take a very close look at this camera.

DC Resource

The Canon PowerShot G10 is a very capable fixed-lens camera that does just about everything right.

DP Review

The G10 is a camera you don’t want to put down once you have picked it up. It encourages users to take pictures, and turn the dials: to experiment and have fun.

Photo Review

Somehow Canon has managed to extract not only superior JPEG resolution from the G10’s image files – but also provided raw files that rate higher in Photo Review’s Imatest test than many of the DSLR cameras we’ve tested this year.

Ken Rockwell

The G10 is the best compact digital camera I’ve ever used. The gotcha words are “digital” and “compact.” Maddeningly, like all other compact (non-interchangable lens) cameras, the G10 still takes too darn long to adjust or change anything.

Luminous Landscape (G10 vs. P6000 Comparison)

The net of this comparison is that while the Nikon P6000 is a fine little camera, it finds itself in the unfortunate position of being released at the same time as the Canon G10, which it would appear is an attempt by Canon to produce a full-featured pocket camera with the highest quality that they are capable of.

Cnet

The Canon PowerShot G10 is a solid enthusiast digital camera for those who want something compact to complement a dSLR.

PhotographyBLOG

The G10 is undoubtedly the best ever Canon G-Series camera, and is a serious alternative to both an entry-level DSLR and other similar compacts (most notably the Panasonic Lumix DMC-LX3 and the Nikon Coolpix P6000).

Canon G10 Press Release

LAKE SUCCESS, N.Y., September 17, 2008 – Canon U.S.A., a leader in digital imaging, today announced the newest addition to its top-of-the line PowerShot G-series digital cameras. The PowerShot G10 digital camera offers serious amateur shooters and professional photographers several essential ingredients for a flagship model, including Canon’s new DIGIC 4 image processor, 28mm Optical Image Stabilized lens and RAW mode. This trilogy of style, performance and image quality is an ideal professional complement for anyone seeking the photo quality of a DSLR, combined with the convenient size of a point-and-shoot.

LAKE SUCCESS, N.Y., September 17, 2008 – Canon U.S.A., a leader in digital imaging, today announced the newest addition to its top-of-the line PowerShot G-series digital cameras. The PowerShot G10 digital camera offers serious amateur shooters and professional photographers several essential ingredients for a flagship model, including Canon’s new DIGIC 4 image processor, 28mm Optical Image Stabilized lens and RAW mode. This trilogy of style, performance and image quality is an ideal professional complement for anyone seeking the photo quality of a DSLR, combined with the convenient size of a point-and-shoot.

As the successor model to the popular PowerShot G9 digital camera, the PowerShot G10 digital camera is loaded with Canon’s latest technologies, including a long-anticipated 28 mm wide-angle lens with 5x optical zoom, 14.7 megapixels and 3.0-inch Pure Color LCD II screen.

“With exquisite image quality, the latest image processor and advanced functionality, the Canon PowerShot G10 digital camera brings an elevated level of performance and usability to the PowerShot line,” said Yuichi Ishizuka, senior vice president and general manager, Consumer Imaging Group, Canon U.S.A. “By enhancing key technologies in this camera, including our proprietary DIGIC 4 image processor, Canon has merged the functions typically found in a DSLR with a smaller body form to provide affordable and portable options to photo enthusiasts of all types.”

Control Options
The controller wheel is equipped with a dedicated Exposure Compensation Dial, which allows quick and intuitive adjustment of exposure compensation and the “My Menu” function for registering five user-selected options from the shooting menu, as well as 26 shooting modes. Additionally, the Custom Mode better allows the user to record two types of shooting parameter settings, thus offering the ability to arrange their most often used settings on their LCD display. A host of accessory options are offered, including the remote switch, Macro Ring Lite and Macro Twin Lite (when used with an additional attachment, available in January 2009). Now consumers can utilize similar accessories found in the Canon EOS line, therefore expanding a user’s ability to customize.

Canon DIGIC 4 Imaging Processor
The newly upgraded DIGIC 4 image processor, a proprietary technology, accounts for the camera’s higher performance levels, including significantly improved signal processing speed and higher image quality.

One of the most important new features made possible by the DIGIC 4 image processor is Servo AF, which is a form of continuous focus tracking for moving subjects. By pressing the shutter button half-way, the camera can track subject movement up to the instant of exposure, resulting in sharper photographs. Additionally, the processor’s high ISO speed noise reduction processing has improved substantially to enable consumers to shoot high-quality images, even in extremely dark situations without the use of a flash. The new Intelligent Contrast Correction function automatically improves image quality in high-contrast shooting situations.

The Genuine Canon Face Detection technology has evolved even further, thanks to DIGIC 4. Improved features include the ability to recognize human faces at most angles. Another innovation is the Face Detection Self-Timer, which automatically takes a photo two seconds after a new face enters the scene.

Availability and Pricing
Scheduled to be available in October, the PowerShot G10 digital camera will have an estimated selling price of $499.99*. Kit contents will include a battery, charger, neck strap, USB and A/V interface cables, Canon Digital Solutions Software CD, and a 1-year Canon U.S.A., Inc. limited warranty.