Bright and early (at 1AM in the morning), Canon announced the new “prosumer” Powershot S5 IS which replaces the previous highly successful S3 IS.
The new S5 IS sports a 2.5-inch swiveling LCD display, 8 Mega-Pixels (a nice bump over the previous 6MP models), and integration of the enhanced Digic III image processor, which facilitates the introduction of face-detection auto focus and exposure modes.
This release is well worth the upgrade for current owners of previous S1, S2 or S3 Powershot models and perfect for those wanting a camera which puts them in total control, without having to take a leap for a Digital-SLR (DSLR).
It is expected in mid-July, and will be retailing for a cool $499.99.