Just got mine today and all I have to say is WOW!!!! What a great camera.
I was apprehensive since there's a few people reported AF shortcomings. I just used this camera at a party and I did have a few soft pictures, very few. This is not a 7D or a 1D4, people need to realize this.
The IQ is superb, on par if not better than the 7D.
The lens is sharp WO.
The flash is amazing at balancing the ambient light.
This camera is a lot of fun to shoot with. P&S style, SLR style, or combo.....whatever you like. I'm still trying to figure out which I like, but I've got options depending on what I'm shooting.
Is it worth the $$$$? I can see myself taking a lot more photos since it's easier to carry than my 7D. It is leaps and bounds better than any P&S I've ever owned in terms of IQ. Which comes down to me taking a lot more photos with great IQ. YES IT'S WORTH EVERY PENNY.
Is it going to replace my DSLR, no way.
I love this camera and I've only had it for 2 hours.