Well, looks like Canon just took the wraps off the S95. Seems to stack up really well versus the LX5, just as the S90 was a strong foil to the LX3. Canon S95 specs: Canon unveils PowerShot S95 premium compact: Digital Photography Review Panasonic LX5 specs: Panasonic officially announces DMC-LX5 premium compact: Digital Photography Review They are more similar than they are different, with the LX5 on paper having the slight edge in many areas (wider angle, brighter throughout the focal range, higher ISO in high sensitivity mode, slightly bigger sensor, broader exposure range, faster max shutter speed, true hot shoe, ability to use the LVF1), while the S95 has the longer focal length, more ISO steps (on paper at least), finally gets an HD movie mode, can trigger a remote flash, way cool control ring, and would ostensibly have Canon's superior (opinion) JPEG engine. On paper, I think I would go with the LX5, but for whatever reason I just can't shake how amazingly small and light the S90/S95 are, even compared to the LX3/5. Opinions?