Well here we are just over a year later and Nikon apparently listened to me
Seriously, and that's what this site is all about, the P330 now has apparently the same sensor as the P7700 and a truely useful 24-120 (35mm equiv) zoom (that Oly should have done for the XZ-2). Also 10fps burst and a 921K screen and GPS function.
Having handled a P7700 and a P310 recently, their build quality is excellent and the fact the P330 will be RAW capable and a reasonable price should see it as a direct challenge to the Canon S110.
However I must admit after playing with a P7700 it has me lining up some gear for sale ...