Canon 40D:
http://www.dpreview.com/news/0708/07082010canoneos40d.asp
Hot specs:
$1,300 (NICE, that should drive the cost of every other camera through the FLOOR!)
10.1 megapixels
(1.6x crop, not FF)
YES, WEATHER SEALING! 
[edit] Crap, nevermind! At least, not 1-series weather sealing. It’s got a sealed CF and battery door, slightly “tougher” built, maybe with a little more precision, but definitely far from 1-series construction, that’s for sure. But still, it’s probably good enough for 90% of potential buyers!
ISO in the viewfinder (yay)
Dedicated AF-ON button (*cough* copying Nikon *cough*)
3″ LCD with live preview 
automatic sensor cleaning system 
6.5 fps
Wifi
Slightly improved 9 point AF, the center point has some sort of “high precision” AF sensor…
From what I can tell, it looks like Canon finally 1-upped the Nikon D200, in fact the D200 still costs $1350 used, and frankly it’s dead in the water unless the price drops to at least $1300 new. It will have an impossible time competing with Canon’s high ISO advantage, automatic sensor cleaning system and live preview! Still no wireless capability with flashes, but most people don’t need that…
Oh and they’ve come out with a 17-85 EF-S IS, nice!
Canon 1Ds mk II
http://www.dpreview.com/news/0708/07082009canoneos1dsmarkiii.asp
Hot specs:
$8000 
21 megapixels 
5 frames per second 
dual core Digic III processor. (lol)
3″ LCD with live view
Automatic sensor cleaning system 
ISO is in the viewfinder now, yay Canon!
Freaking burly construction, magnesium alloy body, pro-series weather sealing, and shutter rated to last a whopping 300,000 clicks.

Nikon’s D3 is alleged to be about the same as this, but only time will tell. I’m sure the Nikon will be fantastic, a few $K cheaper, but not quite as good, and Canon will “triumph” (in the eyes of the masses) once again. Oh well! I have to admit, if I had tons and tons of money, I’d give the 1Ds 3 a whirl, with a nice fat 85mm f/1.2 L, hehehe…
Better get on the waiting list for your respective dream camera now!
=Matt=
[edit] Oh snap!!! I didn’t even notice! Canon also released two *other* new lenses! An 18-55 EF-S IS, and a 55-250 EF-S IS. (Thanks Skunk) The kicker? They’ve figured out a way to do it much simpler and more affordably, apparently. And it achieves FOUR stops of stabilization! That means that if you can hand-hold at 1/60th, you can now hand-hold at 1/4 sec!!!!
They’ll probably be making pretty much every lens from now on with stabilization, or at least every “pro-sumer” lens. This is going to be a sucker punch / death blow to Nikon and all other brands, unless they have an identical technology waiting up their sleeve to release within the next 365 days or so…
Oh and the three new P&S Canons announced all have stabilization, too.
Ouch, Canon, ouch. That hurt…
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