For years I've been dismayed at Canon and Nikon being stuck in the mindset of late 90s film cameras with their features. Their biggest innovations in digital have been a direct print button (Canon) and AF system with 14,725 focus points (Nikon). Sarcasm aside, of course there are new technologies, such as live view - which we all laughed at until we tried it -, and parametric auto-exposure. But by and large, dSLRs see only improvements to existing features which usually take generations to implement properly, while compact cameras from other companies pack in the truly new features.
Perhaps not surprisingly it seems to be Ricoh, Sigma, Samsung, Panasonic and Sony who innovate most, with pixel binning, expanded dynamic range by combining exposures in-camera, non-Bayer sensors, multiple aspect ratios, etc. Perhaps it is because they don't have a decades-long legacy with engineers stuck in another century, and aren't afraid to try something new.
But dSLR shooters are stuck with cameras with features from the late 90s, albeit much improved. Why aren't the features we see in compacts trickling down (up?) to dSLRs? Where are the new features? Where is automatic ETTR exposure? Where is truly smart parametric auto exposure control? Where is live view AF fast enough for handheld work? Dedicated sensor pixels to expand dynamic range (think older Fuji sensors)? Moire-less pictures without the softness inherent in high-pass filters? Automatic calibration of lenses?
While I'm afraid Sony S850's very low price point will force Canikon to accelerate the race to the bottom, perhaps they will instead race with new game-changing features, instead of a yet another generation of incremental improvements. Maybe G11 and S90 are a sign that at least Canon has finally "got it." Or the lower megapixel count might be just to protect their low-end dSLR market; their crippled movie-mode supports this notion.
I'm utterly disgusted by my Canon experience, with my soft 24-105mm f/4L, cryptic flash system, and the lack of innovation. I would sell all my lenses, the powerful but tedious 580EXII, and my bodies in a heartbeat if some other company showed innovation and dedication. Perhaps it will be Leica M9. Perhaps it will be Sony with the future A950; they are known for sticking to a long-term strategy - witness how they had pro-grade lenses long before they had a pro-grade body. Perhaps it will be Olympus with a truly astonishing follow-up to the EP-1.