CES 2013: Canon to challenge smartphones with PowerShot N

What can digital camera manufacturers do to keep users interested when everyone's moving to smartphones as their point-and-shoot camera of choice. Canon has created an entirely new product called the PowerShot N which has a squarish and compact shape, features easy operation and has WiFi built in. The PowerShot N is expected to ship next month and will cost $300. A little steep for what it is but you do get 8x optical zoom, a 2.8 swiveling touch screen and the ability to shoot HD video.