Jameseg, having owned both id like to know it you find anything that seperates them in video?
To be honest, I don't shoot much video. Just a couple non-white balanced clips here and there. I'm not sure I've even used the Olympus for video yet.
As far as topside, I'm in the same boat as Gilligan - not enough zoom with the Canon S95. I use a slightly older Panasonic with a 10x lens. Small sensor, but works fine for outside shots.
James