Slashdot linked up this review of a new camera from Sony. It tries to be a kind of hybrid -- as simple as a "point-and-shoot" while offering the quality of an SLR. Whether it succeeds at this or not is questionable (at least to the reviewer), and at $1,000 it would seem to be well out of the reach of casual P&S photographers.
Still, if it sells enough to pay down the R&D, I wouldn't be surprised to see cheaper versions in the future. If they can drag the price down into the premium P&S range (as I understand it, $300), they'll have a dragon slayer.