Canon Professional Network published an article bout Mr. Tatsuya Yamada, the mastermind behind the G7 X.

Says Mr. Yamada:

[The G7 X] was planned with the concept, ‘High image quality in a pocket size’. Compared to the G1 X Mark II, putting a priority on the size is a feature. By achieving a balance between high image quality and size, so an even broader range of people can enjoy the camera, the best answer was to use the 1.0-type sensor. Also, particular priority was placed on background blur plus the feel of that blurring as well, so in addition to an f/1.8 (W) – f/2.8 (T) lens that is bright even at maximum telephoto, a 9-blade aperture iris – the same as that on the G1 X Mark II – was also included. In addition to this, to achieve the ‘expanded range of shooting’ that Canon is aiming for, it is also equipped with a long focal length of 24-100mm, and an LCD monitor that tilts 180 degrees.”

You can see sample pics shot with the G7 X at What Digital Camera – Engadget –  Imaging Resource

The PowerShot G7 X will be available in October 201, the price is $699.99. Pre-order at Adorama | B&H Photo | Amazon

Specs:

• 20.2MP 1″ High-Sensitivity CMOS Sensor
• DIGIC 6 Image Processor
• 4.2x Optical Zoom f/1.8-2.8 IS Lens
• 24-100mm (35mm Equivalent)
• 3.0″ 1,040k-Dot Tilting Touchscreen LCD
• High-Speed AF with 31 Focus Points
• Full HD Video Recording at 60p
• ISO 12,800 & 6.5 fps Continuous Shooting
• Control Ring, Dials & Built-In ND Filter
• Built-In Wi-Fi Connectivity with NFC

Canon Powershot G7 X product description after the break.