Well, at some time in the past month, Canon saw fit to drop the price on its poorly selling, malformed baby. It is now available for $709 on Amazon, Adorama, and B&H. I don't know when this happened, but it doesn't matter. It hasn't been enough to lift the camera out of the doldrums of the Amazon sales rank; it's currently hanging at #224 in cameras. Just for the sake of confirmation, the G1X doesn't even appear on Flickr's Camera Finder charts.
This reminds me of the wild discounting that started happening on Panasonic cameras after they realized that everyone was buying the Olympus E-M5. Just take a look at these two charts to see where Canon is headed.
|The Panasonic Cameras Flickr Chart... Ruh Roh. The magenta line is the 3-year-old GF1.|
|Meanwhile, here is the Olympus chart. Take a guess as to which line is the E-M5.|