Canon Rebel 500D with 1080P video being announced soon
 

Rumor: Canon Rebel EOS 500D To Launch on March 25th

"Canon has an event scheduled for March 25th, and rumor has it that their big announcement will involve a new DSLR in the Rebel line—the EOS 500D.

As far as specs are concerned, the 500D is rumored to have a 15-megapixel sensor, DIGIC IV imaging processor, ISO levels up to 12800, an articulating LCD with 900K resolution an some sort of 1080p "movie mode"—an extension of the 5D Mark II and similar to the Panasonic Lumix DMC GH1. Information about the 500D varies, so it should be taken with a grain of salt. Besides, it seems that releasing the 500D now would essentially cannibalize their 40D and 50D. [Zoom via Electronista via MacNN]"

B&H is already taking orders for the Canon 500D!
 

It looks like B&H is already accepting pre-orders for the new Canon 500D!

you can see the two page thread on this subject in area 51 , and there's nothing on 1080p that I've seen so far -cheers/k

Moved from 5D2 to A51.