What's Going On, Canon? Rumored G11 Specs Reveal Minimal Improvements

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The rumored specs for the Canon G11 are a bit disheartening. The CMOS sensor we'd hoped for is a no-show, we're down to 10MP after the G10's 15MP, mini-HDMI yet no HD video...but look! It has a tilting screen!

Effective: 10.4MP, Recorded: 10.0MP
1/1.7" CCD
RAW, JPEG, QuickTime
Image Stabilization
6.1-30.5mm f/2.8-4.5 (35mm film equivalent: 28-140mm)
Optical: 5x, Digital: 5x
Normal: 1.6" (50cm) – infinity
Macro: 0.4? (1cm) – 1.6" (50cm)
Integrated Mount for the LA-DC58K Lens Adapter
ISO 80-3200
Evaluative, Center Weighted, Spot
Auto, Daylight, Cloudy, Tungsten, Fluorescent, Fluorescent H, Flash, Underwater, Custom 1, Custom 2
Effective Flash Range: 1.6" (50cm) – 23? (7m)
Still Images per GB: RAW: 67
JPEG: High Res: 374 – Low Res: 7,684
Video: 640 x 480 @ 30fps, 320 x 240 @ 30fps
Viewfinder Coverage: 77%
2.8? LCD Vari-Angle
USB 2.0, Dedicated A/V Out, mini-HDMI (Type C)
Windows XP, Vista
Mac OS X (10.4 or later)
12.5 oz (355g)
NB-7L Rechargeable Lithium-ion Battery

[Canon Rumors]