Sexy, isn't it? I just got this as my walk-about-I-really-ought-to-always-carry-a-camera. I chose it for it's compactness and lightness. It seems to be pretty well constructed, and easy to use. The look and feel of it is very pleasing. What more do you want? Picture quality? I don't know - I'll post some later. I was going to get the new G2 model, but TBH the only difference seems to be the G2 has video, which I didn't want, and it was a lot more expensive. I think it will be great for flower photography with the multi-directional tilting screen in Liveview mode. The crop factor is 2x, with a normal size crop factor sensor, so image quality should be very good (5mp cm2)
here's the technical stuff. I have compared it against the new G2. http://www.dpreview.com/reviews/compare_post.asp
Mine was £500 from Warehouse Express, including the kit lens, an extra battery, 8gb sd card, smart case and strap (which are extras). In addition, if you order before end July you get £50 cashback as a cheque - already got mine, it took a week. Much quicker than Canon. So, total price inc extras was £450.