Ray,
there is an idea: view camera style rear motions, shift in particular, by moving the sensor around, as a cheaper alternative to using a far bigger sensor and cropping. Perfect when using 35mm format lenses with an APS format sensor since the bigger image circle is certainly there.
One limitation would be keeping the angle of incidence of light on the sensor from being too far off-perpendicular to avoid vignetting, or "shading" as Olympus now calls it; but software "shading correction" could add some latitude there. (I have seen about 15 degrees as the angle of incidence limit for typical current sensors with microlenses; there is a bit more latitude if microlenses are not used.)
About Canon moving to true APS-C (1.4x crop), I have wondered if they might do that as a bit of one-upmanship, now that they have had the opportunity to let all the competition commit to a size. However, they seem to be very happy with the cost advantages and such of having a slightly smaller sensor and pixel size in their lower level models than the "near APS" competition and yet still having a reputation for lower noise, contrary to theoretical predictions of the opposite for smaller pixels. (*)
The apparently imminent successor to the 1D might be very revealing about Canon's sensor size plans.
(*) Never mind that this seems not to be true and that instead, the 6MP "APS" DSLR's look about "equally very good" for measured noise, except the S2 which looks even better. I conclude this by comparing multiple noise tests on the 10D, D100, *-ist D and S2 in reviews at DPReview and noting fluctuations that can rate one camera slighty better than another in one test, slightly worse in the next.