The canon G12 has just been announced by accident and Cnet posted the info, which they later retracted but Canon Rumors managed to get a screen shot.
So the details

10 MP sensor
5x zoom
2.8" tilt and swivel screen
manual exposure as usual
HD quality video
multi aspect ratio image capture
image stabilization
HDR mode
The
Canon S95

was recently announced too which looks pretty similar in terms of specs but doesn't so many manual controls and is a little lighter and smaller
[
Canon Rumors]