I think it might have a market, however the spec are a bit "me too (too little, too late)" compared to what is its real competition (meaning, compact, fixed focal around 28-35mm, large sensor, around $1.000 US):
- Fuji X100s, faster lens (though a bit longer) and a viewfinder;
- Sigma DP1 Merrill, Foveon sensor (whether you like to deal with its limitations or not, the detail it produces are incredible)
- Leica X2, longer but not faster lens, quite a bit more expensive;
- Sony RX-1, larger sensor, faster lens (though a bit longer), however in a completely different price league (3x);
I was interested to see what Landscape / Fine Art photography applications there might be for such new, high-spec'd compact cameras - to see if there are viable alternative to lugging tons of equipment around - and I ended up writing an article on my blog (see it
HERE if interested). My conclusions are that there is hope - even if we are not yet exactly there, Sigma DPx Merrills and the Sony RX-1 are very interesting propositions. If you shoot street, the Fuji X100s and the Leica are appealing as well, while for Landscape / Fine Art they are a bit under spec'd on some spec or the other.
By the way, what for me are the most interesting of the bunch for my application, the Sigmas, have an abysmally low battery life and yet I find them very usable (though carrying 5-6 extra batteries!
)