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I have owned several G series point and shoots, the latest being the G7, and have access to a couple of Canon SLR's with L series lenses, and there is NO comparison. The SLR's smoke the point and shoots in every category except size.
FYI, the lens makes the SLR, so make sure you research the lens as much as the body. Also, don't get hung up on MP count, it can be misleading (i.e. 10MP SLR > 12MP P&S)
Good Luck!!
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