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I always felt that Sony's RX10 was too big and expensive for what it offered, but with the Mark II update you'll get a lot more for your still-not-inconsiderable bucks. While it retains the same body and 24-200mm f2.8 lens, a new, faster sensor technology in the RX10 II promises to deliver some crowd-pleasing and useful features.
We expect to see the camera in July, and it will run $1,300; there doesn't seem to be UK or Australia pricing yet, but that converts directly to around £840 and AU$1,700.
The slow-motion and 4K video capabilities alone may make it worth the money for a lot of action shooters. At the moment, there's nothing comparable in its price range, and now it offers some significant and nontrivial differentiation that it didn't when the RX10 first came out. The photo quality is a wild card, though; Sony's got a good track record but the new sensor is an unknown. That's always fun to test, but you may not want to be first out of the gate to plunk your money down.