Received this camera from my Japanese good friend as a birthday gift, and that is IXY 410F. I found out that camera name in USA is ELPH 300 HS. Right after open the box and play couple days, the excess weight is super light as my old college Canon SD1000 as well as indoor image quality is simply not undesirable comparing with my present S95, so it catched my eyes instantly after we received it. Even it is SD1400 replacement from canon viewpoint, I've to say this small camera with S95 top quality.
ELPH 300 HS vs S95
ELPH 300 HS wins on 1080P film, weight (70% of S95), CMOS sensor, 24mm, 5x zoom, shooting speed (two time quicker than S95), price (62.5% of S95)
S95 is far better on the sensor size (1/1.7" as G12), Aperture F/2.0, RAW.
I'd say...
For sure S95 won on manual setting, but I used my Canon Rebel XS the majority of the time when searching for quality photographs, and S95 did not offer much more point-and-shoot positive aspects than ELPH 300 HS to me. CMOS sensor is much more sensertive comparing with CCD, so I cannot tell big big difference involving bigger size CCD and smaller dimension CMOS sensors even from individuals indoor very low light photos. Finish out, I traded the manual settings to modest size, light excess weight, and rapid shooting speed.
So, my S95 moved on eBay...... and IXY 410F (ELPH 300 HS) is in my wife's bag...... I have to wait for it to be readily available on Amazon to obtain another a single for myself.
Very interesting to hear that the 12MP CMOS performed well enough compared to the CCD in the S95.
I wonder if this sensor is made by Canon or sourced from Sony because the Nikon P300 is also 12MP CMOS with faster f/1.8 lens at wide angle and manual controls. If it can compete with the S95 in IQ with added benefit of movie zoom+AF then it may be better option for compact camera. The 500 HS would be better with faster lens too.
The CMOS used in the Panasonic FZ100 did not seem to provide the performance that the CCD has in the FZ40. Some of that is processing, but I'm am curious to see how the new batch of P&S cameras perform.
The S95 's I have seen at BB and at least one from Amazon had hardware issues with the LCD panel or zoom controller being loose. Not sure what is going on with Canon on that. A lot of people are also considering the SX230 now that it is released. The 500HS touch screen does not appeal to me.
I hate to say it, but the S95 is a far better camera. To people who disagree, you really don't know what you're doing. Which is fine. I love my S95 but I understand all the controls. My sister also bought an S95 and she doesn't like it because her pictures don't come out as good as mine and often not a whole lot (or not at all) better than the 300 HS. She has no interest in learning the intricacies and quite a few people won't. That being said, if you want good pics that are simple to shoot, go with the 300HS. If you want great pictures and are willing to tweak the settings, the S95 is the way to go. Neither are in the same league as my T2i, but this really is a pretty good pocket cam.

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