I think the bad news is there isn't the camera we want yet. I have a fuji f100 that's small and reasonable, but certainly not pro quality.
I bought a Panasonic Lumix LX-5 for the f2.0 lens, and it's wide angle and RAW ability. It's a fine camera, but just a hair too big for the jersey pocket.
I have had Adventure Cycling use my Fuji camera images in their catalogs, so they don't suck, but I can tell they aren't DSLR quality. I try to use low ISOs and shoot with the realization that the dynamic range isn't as great as I'd like.
Tricia and the Adventure Cycling catalog by
ccorlew, on Flickr
Cycle Montana_tent reading by
ccorlew, on Flickr