thanks for the info. It sounds like high end P&S are comparable quality to low end 4/3's so not worth the size tradeoff. And of course if I had my choice I would get the Sony RX100, but I am not serious enough to warrant $700 on a P&S!
UberKul thanks for the info, as I unfortunately have no access to these cameras in person which is why I asked online. But I've narrowed it down to the Canon S100 or the Panasonic LX7. I like the size of the S100 better, but I'm really put off by the 200 shots per battery. The LX7 can crank out 330 shots on one battery charge, which is a huge difference when traveling in areas with possibly no outlet. Ohh man what to do.