This is a real world review based on how most people will use this camera. I used this camera in Manual Mode, Scene Mode, Full Auto, Program Mode. I didn't have the manual I just started shooting. The menu system is outrageous. It's basically got photoshop built in.
A friend at work just bought the Sony RX100 II and was nice enough to let me borrow it for a few days. I will say right off the bat, this is the best point & shoot camera I have ever used. If I put up shots from the Sony RX100 II and a Nikon D700 most people wouldn't be able to tell what camera took which picture, and the prints are amazing as well.
* On a side note, I was surprised at how long the battery lasted on this camera using the flash all the time. Usually, you take one shot with the flash and your battery indicator reduces by one bar. I think I took 20 something photos with the flash before the battery started going down.
I am going to put the original photo next to a photo edited in photoshop using Nik Photo Plugins to see how well the image holds up to editing. I will put a link to the original file so you can download, edit, and see for yourself.
Let's look at some sample images. All shot JPEG Finest quality. All shot hand held.
Below were all shot outside in mid day sun.
I took these photos of prints 8.5x11 with my crappy cell phone camera. The prints look amazing. The photo of the kids is printed from the 1600 ISO file. I wanted to see how bad the noise was. It looks pretty nice. The flower look amazing. You could sell it as a fine art print.
Some 24p footage. I don't think you can manually control the video while shooting or before shooting. I don't have the manual but I'm pretty sure its 100% auto.
Hope this post helps in your decision on buying this camera.