Upload & Sell: On
Let's see: (1) Compatible with EF mount? No. (2) Significantly larger sensor? Unclear, but most likely not. (3) OVF or EVF? No. (4) Price? ?? (5) Physical size, i.e. fits in pocket? Not definitive, but likely No. (6) Some sort of amazing IQ in small format? ?? (I can't imagine what it would take to put FF in a compact mirror-less camera.)
So based upon rumor I get 4 no's and 2 ?. Having just purchased a Panny GX1with kit lens for <$500USD, I'm not all that worried that I'll regret it. Seems as if Canon is yet again, late to the game and not impressive. A company can only trade on the prestige of its name for so long (Leica excepted . Eventually it has to provide a compelling reason for new users to sign on and current users to stay with the brand. Canon has recently produced 2 nice - though maybe not compelling - new models at extreme price points. Oh, I forgot the Ti4/6XXD. Anything compelling about it?
Canon is fun (in a sick sort of way) to watch as it fumbles away its massive sales lead to not only Nikon but upstarts like Sony and Oly. As the old Laugh-in used to close: "Interesting, but not very funny."