Hm. Yeah. No. But wait....what were rangefinder camera for, I mean, back then? Right, for easy picturataking they were made. Don't believe? As soon as progress allowed to automate exposures manufacturers used LV system, tied speeds to aperture, built in meters, or just put note with popular settings on back of camera, if nothing else. Family could go out of home and take back nice pictures made with rangefinder camera. Simply because nothing better were invented, yet.
So in some sense G10 or any other P&S camera can be thought as replacement of rangefinder cameras. Mainly, P&S solved issues with exposure and focusing (fixed focus or automation) but families do the same they did 50 years back. They take home pictures made without assistance of M.Sci.
Well, sure, those slowish power hungry AF compacts can not be thought as direct replacements of weapon of decisive moment, no, they aren't just like real men drive AWD SUV not tiny compact car with 1.3L engine but hey, things are just things, right?