For starters it seems that we can expect the G1 X II to share similar specs to the G1 X. The camera is rumored to feature a 20.2MP 1.5-inch CMOS sensor and a 24-120mm lens with an aperture of f/2.0-3.9. It will also come with a 3-inch LCD touchscreen display and will be slimmer and slightly lighter than its predecessor. According to Canon Rumors, the photo above shows the camera with an external viewfinder. The camera will also be powered by Canon’s DIGIC 6 image processor. Pricing is unknown officially but it has been estimated to cost around $700. We expect all the official details will be made available on he 12th of February if there really is an announcement to be had, so be sure to check back with us then for the details.