Saw this link over on Mike Johnson's 'The Online Photographer'. Anyway, here's the link:
I thought it looked promising. I bought a G10, largely on the basis of Michael's favourable review, but I've never been all that happy with it. In direct sunlight, the limited dynamic range becomes a problem. In the shade, you need to use a higher ISO, and noise becomes a problem. (I bought it mainly for my wife to take pictures of the children, so lowering the shutter speed is not an option.)
It does work pretty well under a light to moderate overcast, preferably if the sky isn't in the frame, but days like that are a minority in Australia. Even at the best of times the pictures are none too sharp, and I doubt that many of them contain much more than 10 megapixels of information.
Reducing the resolution to ten megapixels would hopefully improve the noise and dynamic range, and would at least be guaranteed to reduce the file size if nothing else. The rotating display is a nice touch, even if it's a bit smaller.
I'm tempted to see what I can get for the G10 on eBay, and buy a G11 if it reviews well.