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Just noticed a price drop on this camera at BHPhotoVideo in the US.
Hands on preview
http://www.dpreview.com/news/2012/07/23/Canon-announces-EOS-…
The black EOS-M Mirrorless Digital Camera with EF-M 18-55mm f/3.5-5.6 IS STM Lens from Canon combines Canon's first mirrorless digital camera with an all-purpose wide-angle zoom lens suitable for both photo and video capture. An 18.0 MP CMOS sensor and Canon's DIGIC 5 Image Processor ensure high performance and exceptional image quality and ultra-fast focusing is delivered via the Hybrid CMOS AF system. ISO sensitivity ranges from 100-12800 and expands to 25600 for sharp details when shooting at high zoom and in low light.
Product Highlights
18.0 MP CMOS (APS-C) Sensor
DIGIC 5 Image Processor
Full HD 1080p Movie with Focus Tracking
3.0" Touch Screen LCD with 1040K-dots
Touch AF and Multi-touch Operation
Hybrid CMOS Auto-focus for Photo & Video
ISO 100-12800, Expandable to 25600 (H)
Scene Intelligent Auto
Includes EF-M 18-55mm f/3.5-5.6 Lens
I can't help but feel that this is better value for $100 more..
http://www.dwidigitalcameras.com.au/astore/Canon-EOS-M-Kit-w…
You get an extra 22mm/f2 lens and a flash..