Upload & Sell: Off
I love to hike and bike with a camera and keep things as light and compact as possible. Of course, I'm also serious about IQ. The tricky thing is finding the right ratio of portability, flexibility and IQ. For me, IQ figures high in the ratio, so my minimalist package is a 5D2/24-105 4L and Sirui CF monopod. Sometimes I add an EF 50 2.5 CM, table top tripod and fold up reflectors. What did I give up? I used to carry a CF tripod and tele zoom or big prime and a second body.
I tried hiking with a Canon S90 and Olympus E-P3 but ultimately felt the lower IQ and flexibility compromised IQ and quick operation too much (hated squinting at a LCD at arm's length). However, like my travels, I hike both to enjoy the environment and to find image opportunities. if you hike to hike and aren't so picky about IQ, fast operation and flexibility, you can get great snapshots from any upscale point 'n shoot or M4/3. The Panasonic GX1 is on closeout now for $250-275. Toss a pancake or small zoom on it and it will be the boss of most any point 'n shoot and have the added possibility of system expansion with EVF, tele zooms, etc.