I like the idea of the camera bag reverse mounted with hooks. I don't think I have a camera bag that has a good place for the loops, but the idea appears to work well.
I lost my Canon G11 recently and am going to try taking my DSLR on a t-shirt ride with the road bike this Saturday. I have one of these
Garneau handlebar bags

and a padded insert to protect my camera. I'll have to temporarily move my computer and take off the light bracke
t.