are you sure it's "CROP" instead of "Down sample/scaled" ?
if it is the case of a crop then it's a retartded system.
It's a crop (center 10mp area from 16mp sensor). Canon's shareholders probably love it - another way of product differentiation using the same sensor.
All in all, this is a decent, compact snapshot camera with the buzzword bells and whistles for people who've only used snapshot cameras. If you've shot higher-end compacts or DSLRs, the image quality (noisy...) will keep nagging at you.