The landscape of high-end point and shoots has changed significantly over the past couple of years. Canon's two-year-old G1 X used to be unique and sought after, but Sony's RX100 and RX100 Mark II redefined what a point and shoot was capable of. Now it's Canon's turn to play catch up.
Canon's G1 X is kind of a ridiculous camera. It's a point-and-shoot. But it has a bigger image sensor than most of the mirrorless interchangeable lens cameras out there. And it's $800, so it costs more too.