Photographyblog has picked their compact camera of the year 2012. And I agree with their pick.
They picked Sony RX100 as the winner! Although I went the cheapo route by going with Panasonic LX7 when it was on sale, I do believe the LX7 is the most well rounded camera at the moment. Its just that the RX100 simply cannot be beat when it comes to IQ due to its sensor and its physical size. Once the price goes down, I may try it as well. The other interesting compact is the newly announced Fuji X20 with its new 2/3-inch sensor. I’m keeping my fingers crossed.