Canon has launched two new models to replace the SX10 with SX20 and the SX110 with SX120. Both the models have image stabilisation built in.

Here is a comparison:

SX20

SX120

SX10 SX10
SX120SX120
12 Megapixel 10 Megapixel
20X Optical Zoom 10X Optical Zoom
High Definiation Video Recording @ 1280 x 720 Standard VGA quality Video Recording
USB + HDMI connectivity USB Only
4AA Batteries 2AA Batteries
Weight: 560g 245g
Vari-Angle LCD Fixed LCD
2.5″ LCD 3″ LCD

If you are looking for a point and shoot then SX120 is for you. If you want more zoom and other goodies, then go for the SX20.