If we're blunt, Canon's new IXUS 300 HS point-and-shoot doesn't quite have the appeal of Sony's new NEX pair, but it promises to be a whole lot more affordable (and approachable for mainstream users) than the interchangeable lens models. The IXUS 300 HS packs a 10-megapixel CMOS sensor and a 3.8x optical zoom, and can capture 720p HD footage or 240fps super-slow-motion video.
Update: Canon USA have announced the same camera, only as the Canon PowerShot SD4000 IS Digital ELPH. It'll arrive in the US at the end of May 2010, priced at $349.99.
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