Was checking out the s90 and G11 the other day, and decided to do a quick noise test for fun.
All images taken on full manual (including focus). Processed in LR 3beta, with all noise reduction and sharpening turned off. The only thing I did was use use the white balance tool on the medium gray. Base exposure was IS0 100 for 1 second at f/8, aperture was kept constant and shutter speed varied as ISO was increased. A 100 pixel square was cropped from each image and the resulting grid is a 1 to 1 pixel ratio on the screen.
Working with the files, there is a definite and obvious quality difference between the GF1 and the smaller cameras, they were more like the 7d files. My personal opinion is that other than perhaps niche uses such as macro and underwater mentioned in another thread, the G11 doesn't have much to offer. The s90 delivers very similar quality, including similar noise performance and will actually fit in your shirt pocket. If the s90 isn't good enough, moving to the G11 won't get you all that much (as far as image quality). You are better off moving to the GF1, a camera which continues to impress me. Canon should consider a larger sensor version of a G11 for the G12. I'm going to take a s90 out for a day or two and shoot it alongside a 7d just for fun.
Handling of the G11 was odd at first ... the thumbwheel is smaller and a little awkward. I kept hitting the wrong buttons. Once I realized it protrudes further and you need to move it on the side rather than on the top it wasn't too bad. The articulating LCD is a nice feature, and the improved noise might make an upgrade worthwhile to some, but that's a pretty pricey upgrade to get about 1 more stop of noise performance and a swiveling LCD.
the grid is a little large, 1.5 mb ... I saved it at highest quality jpeg to minimize possible distortion of the noise from jpeg artifacts.
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