Uracas

A lot more about this camera , like its real purpose in the X range  and the exact market segment to which it was  targeted, will only be only clear when the camera comes on the market. 
 
As for now and only based on pictures and the few, somewhat contradictory, news on, for example, the size and type of the sensor, it appears to be a camera targeted towards the young people ( indeed skaters would be a good target) seen also the fact that you can take selfies with it with the LCD screen tilting towards the subject, like the X-A2. This doesn’t strike me as a characteristic suited to a camera in the high end segment nor do I think this camera, its supposed use and the hypothetical people who will be using it will be of the same type that would have used a camera like a Rolleiflex and for this reason I don’t see any similarity other than they have a fixed focal lens.
 
This configuration, involving the LCD facing the user, makes the camera particularly suited to young “ action” photographer but maybe this camera is indeed the wide angle companion of the X100S-T. We shall see.
 
No camera can please everyone. That’s why there are so many. 

Lets all respects others viewpoints, and read before commenting.  Different opinions and preferences are not "wrong".  One of the biggest selling points of MILC has always been size...  When I gave up 20 years of Canon and L glass, I did it because Fuji delivered comparable quality at a much smaller and more useable form factor.  Fuji may deliver great image quality with the X line but is not competing well in terms of size.  The X70 is a nod to this I think:  no compromise quality (APS-C sensor...) in the smallest body they could design.  For those of us who hit the bush for weeks with only a backpack, this is a great solution.  After all, if Fuji can make a camera with equal quality in a minimal form factor why would that be a bad thing...that's the real spirit of no compromise.

I believe by smaller, he was comparing MILC to DSLR cameras.
 
A lot of people (not all) have switched from DSLR to MILC because of the weight savings
Perhaps a lot of people that are first time buyers to interchangeable lens cameras are attracted to MILC such as Fuji X line and Sony E mount because they are a lot smaller than DSLR cameras.
 
 
Slightly off topic
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If someone released a Bridge Camera with a large sensor (1" or bigger) with high quality Fast glass and an extended zoom (600mm eqv) , I know several people that would ditch their MILC or DSLR cameras for that purely down to the weight of the entire kit