It was bound to happen — Canon will eventually upgrade their popular S95 point-and-shoot camera with something better. That day has happened and the Canon Powershot S100 has been announced.

Built-in GPS
Pretty good upgrades to the Canon S95, IMO, although the sensor size is actually still the same with the Canon S100. The camera now comes in silver and black colors.
The Canon Powershot S100 is expected to ship by end of November with a suggested retail price of $429.99 (though I have this feeling it will be much more expensive in the Philippines — Php25k+).