Canon Readying Mirrorless Camera?

That seems to be the upshot of this report from Reuters:

Maeda also said the company was working on a smaller version of its upmarket single-lens reflex (SLR) cameras in a bid to compete with the new breed of mid-range so-called "mirrorless" cameras launched by Sony Corp, Olympus Corp (7733.T), and Panasonic Corp.

Nikon also has a new camera in the works, though it has yet to reveal details.

Maeda did not give further details of the new camera, including whether the internal structure would include a mirror.