Wow. Canon has finally done what I'd been hoping they'd do: they made a super-zoom camera with pretty much all the features you get in an SLR:
- 10 megapixel CMOS sensor
- 4.2 frames per second continuous shooting
- Digic-4 processor (makes pictures taken with high ISO speeds usable)
- Full HD 1080p 30fps video, in 4:3 or 16:9! Not even the latest Rebel has this (it's limited to 20fps at 1080p)
- Can save RAW images
- Stereo microphones
- 20x optical zoom
- Image stabilization
- $600 price tag
With an effective focal length range of 28-560mm, I don't need interchangeable lenses. Maybe just a really nice wide-angle converter, though it looks like the available 58mm adapter is somewhat limited in what it can accept.
The weak point is the sensor: it's still typical point-and-shoot size, which means the pixels are crammed pretty tight, compared to a real SLR sensor.