Low-end Micro 4/3 vs High-end Point & Shoot?

[snorske]

I am upgrading from a point & shoot Canon PowerShot ELPH 300. I am not a serious photographer, but I travel quite a bit and would like something nicer to complement my GoPro3 for quality scenic and travel pictures.

I am trying to decide between a high end point & shoot vs. lower end 4/3 mirrorless. My desired budget is around $300. I would like built in flash and 24mm wide lens for good outdoor shots. I don't think I will be porting around extra lenses, but the lower end 4/3's are the same price as the high end P&S's. Any thoughts on these choices below? (using current amazon prices)

Point & Shoots:
Canon S100 ~ $249
Panasonic LX7 ~ $299

Micro 4/3s:
Olympus E-PL2 ~ $312


Any input is appreciated.