Interesting. I look forward to it reaching the US market.
Price? Yes, it's steep, but no ILCs are under $500 and those that are less expensive don't have magnesium alloy bodies. It's ridiculous to expect this to sell for $200-300. It also targets the Japanese market first - the rest of the world can just comment for now.
Design? I like it - I could just look at the images and figure out how I could use it - I like the interface and styling
Sensor? Yes, it's small compared to others, but this doesn't mean it's useless. I got great shots from the Canon S3IS and that was introduced 5 years ago in 2006 with a similarly sized sensor. I expect the Q sensor and optics to be even better - if that's the case, it will be a very nice camera.
Not original, copying other cameras? People are missing the fact that the design of the Q has been started
5 years ago*, before m4/3 systems were on the market - this camera has just been waiting for sensor technology to make it possible and the Sony backlit sensors provided that. Like with the 645D, this project predates the Hoya acquisition. Kudos to Hoya for bringing these designs to market!
Larger APS mirrorless coming in the fall? I'd wish, but even then I'd be interested in this for a portable solution. I've been having fun with my phone but it doesn't have the ergonomics or controls of a camera.
Here are some shots from my HTC HD7 phone, just to provide some perspective on what small sensors are capable of:
I would have trouble getting the DOF of the following two shots with a DSLR:
All of these are processed on the phone and then uploaded directly to flickr. No PP tricks other than choice of filters.
Two of these shots were taken with the phone when I also had my SLR with me - the phone was the better tool at the moment.
No one will provide the capability of an SLR in a small size anytime soon. Nor do they have to. They only need to provide a fun to use camera in small size. This is the first ILC I see that actually looks like it might be pocketable.