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The SX1 IS is almost identical to the SX10, though it's mostly matte black plastic instead of reflective graphite and black. Like the SX10, it has the relatively widely separated stereo mics.
Canon provides a dedicated button to jump between 4:3 and 16:9. Unfortunately, this can get unncessarily confusing if you prefer to shoot 16:9 videos and 4:3 (full resolution) stills.