Canon seems intent on fighting camera phones with Wi-Fi and large sensors. Also: ISO 12,000.
Canon Powershot S110 key features
12MP 1/1.7" Canon CMOS sensor
24-120mm equivalent F2.0-5.9 lens, 4-stop 'Intelligent IS'.
DIGIC 5 processor
Touch-sensitive 3" 460k dot PureColor II G screen
RAW format recording
Built-in 3-stop Neutral Density filter
Source: Digital Photography Review.