I got the S95 last month to take on Holiday as pocket 'snapshot' camera and I've been very happy with it so far.
It can be a bit slow to focus in low light, as with any compact camera, but I thought this would be better because of the price.
I like to shoot RAW, and while I'm getting to know it have set it to RAW+Jpeg, but it defaults to Jpeg only in anything other than the P,A,S,M modes.
I love the 'Miniature' scene mode effect.
Forget it for anything fast moving, but then that is the same for any compact camera again.
The Timer is excellent, being able to choose how long (1-30 secs), and how many pics (up to 10) are taken is great. That can be combined with bracketing as well.
Saying that, bracketing doesn't work as it should in Aperture Priority for for exposures over a second.

Which had me scratching my head for awhile.
The adjuster ring around the lens is genius, and can be set to adjust various parameters. And you can change what the ring adjust quickly via the button on top of the camera. You can set up the ring on the lens, the shortcut button and the ring on the back to do most things quickly.
As has been said, the video is very good, even though it is on 720p.
There may be cameras with longer zoom ranges, but I found things I couldn't live with on the ones I tried. :shrug:
As a truly pocket-able camera, I don't think there is anything better atm.
