It's pricey ($430), but have you looked at
the Canon S90? The G11 is all-the-bells-and-whistles, but if you don't need the flash hotshoe or flip-out screen, it's got a faster (f/2 at the 28mm-equiv wide end), slightly shorter lens, PSAM modes, and a lot less bulk. It does RAW without
the CHDK, and from
the dpreview samples, has a usable iso 1600.
Plus, that control dial is just cool.
