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The camera design and operation are relatively unchanged -- except Canon dropped the tiny grip, which made the camera a lot more usable.
The buttons are flatter now, but the back has a more streamlined-looking design than before.
There's an extra mode on the dial to access the new, built-in Wi-Fi connectivity.
The S110 has been updated with a touch screen.
The one disappointment is that the camera still has the old lens, which is fast when it's shooting at its widest, but gets very narrow very fast.