It seems to me that there is a large unfilled market niche for a compact camera with good image quality and high-ISO performance, but smaller in size and weight than any current DSLR. While there are many digicams that fill the low end of this area, they all have significant limitations that make them unattractive to serious photographers. Here's what I'd like to see somebody build, which could be done with mostly off-the-shelf technology:
*8-10MP sensor with ~1.6-2x crop factor, like the one in the 30D or a bit smaller, allowing shooting up to ISO 1600 or so with reasonable noise levels.
*Articulated LCD/EVF viewfinder. I know this is not as nice as an optical viewfinder, but the size reduction possible by eliminating the OVF and mirror would make it an acceptable design compromise. Eliminating the reflex mirror will make lenses more compact as well. And a tilt/swivel LCD is handy for shots from odd angles where looking through a viewfinder is inconvenient or impossible. Heck, make the LCD detachable, with an accessory extension cord so that it can operate several feet away from the camera. And make it a touch screen, to easily select autofocus zones and suchlike, or function as a remote control for the camera.
*Viewfinder zoom feature where one can select an arbitrary area to view at 100% magnification to check critical focus. Touch screen would be helpful here, both to select the magnification area and make fine focus adjustments. Put a ThinkPad-type eraser controller on the LCD instead of the normal mini-joystick.
*RAW support, with a buffer big enough to shoot 8-10 RAWs at 3FPS.
*CF-II (microdrive) or SD card support.
*Interchangeable lenses. There's no real reason a compact camera has to be stuck with a single factory-installed lens. The lenses should have Canon L-style manual focus rings so that precise manual adjustments can be made without having to disable autofocus, and should be comparable to or better than Canon L glass quality-wise.
*An IR filter that can slide out of the way via a knob or lever on the body, so that IR shooting is possible without adding filters to the lens. Without a mirror to deal with, the filter can be in front of the sensor a bit to minimize the effects of dust, and be easier to clean. In addition,
*Instead of the normal R-G-B-G sensor filter array, have R-G-B-Ir; instead of one red, one blue, and two green pixels, have one red, one blue, one green, and one infrared-sensitive pixel, allowing infrared photography without filters over the lens and shutter speeds similar to visible-light photos.
*Ultrasonic sensor dust removal.
*Tripod mount centered on the lens instead of off to one side like way too many digicams.
This ought to be doable for <$2000 US dollars, including a reasonably decent kit lens. Any takers? Thoughts? Comments? Suggestions?