http://www.micron.com/about/news/pressrelease?id=DFA76239EFA2B68E

"Designed specifically for digital video camcorder applications, Micron will also introduce a new HD video sensor that captures 60 fps in 720p format. Designed to work with long-range zoom lenses, the sensor was built using Micron’s stunning 2.2-micron pixel technology. Additionally, the sensor has additional pixel area for image stabilization, which reduces the effect of shaky and blurred images typically caused by jittery hands or camera-shake. This sensor is expected to begin sampling in the first quarter of 2007."

From provided url also:
"The new sensor is capable of capturing video at 60 frames per second (fps) in 720p (progressive) format and 30 fps in 1080p format. Micron will begin sampling this sensor in the fall of 2006."

What price range of products is this targeted at?

EXCITING times to be a DV artist =).

2.2 micron pixel is not very big or flash, with binning it might be better, particularly for three chip. It is 5 mp. Very much a camcorder/cell phone/still chip I think. The other sensors mentioned in the article are interesting to.
For a really nice picture, 7 micron is preferable.

If you want this, I believe it is the/or close to the, chip Elphel wished to use. See the Elphel 333 camera thread in alternative imaging forum for details. They wish to work the Elphel 353 into a high quality compression camera with hard disk.