Technically Canon and Panasonic have competing models ;)
But yeah, someone on G+ asked me, "did you get rid of your DSLR?" because all I ever post are RX100 pictures these days. I did not get rid of my DSLR, I use it for "studio" stuff, but for going out and about the RX100 is the best possible currently-available camera. (It could be smaller. But that 1" sensor is just amazing, often yielding 21,000,000 usable pixels. My iPhone just yields photograph-styled noise reduction artifacts.)