Quadruple meh. The Canon S110 has the same sized sensor and is the same price. The Oly has a better lens spec-wise, but the Canon will deliver a better picture in general. The Oly menu system will also need a team of code breakers to decipher, while the Canon is clear and straightforward.
Even the Nikon I posted yesterday will give a far better picture than both of these for less money, albeit at the cost of pocketability.
But yes, it's absolutely worth it to splurge on the Sony.
Definitely worth the APS-C on the Sony. Things is once you get in that price range there are other better cameras.