Another year has passed, which means that there’s another iteration of Canon’s popular S-series compact PowerShot camera. This time, it’s the PowerShot S120 ($450), which is slated to be released this October. Like the models before it, the pocket-sized shooter packs a serious punch, and should be on the radar of consumers and prosumers alike. S120’s changes from the S110 aren’t as major as in some past upgrades, but…