Canon PowerShot TX1, HD Goodness at $500

Canon is stepping up and pimp slapping the other tiny HD camcorder makers with a newly announced product called the PowerShot TX1. Canon packed in a 7.1mp CCD and the cam can capture 720p HD resolution video, upscalable to 1080i. As small as the camcorder is it still has 10x optical zoom, 4x digital zoom and ISO settings of 80 to 1600. Rolled into the camera is also Canon’s Digic image processor, advanced face detection, red eye reduction, fourteen shooting modes and a sensor called the Intelligent Orientation Sensor. This sensor is supposed to keep the display looking right no matter how you hold the camera. No release date is set, but it looks like Canon is aiming directly at the Sanyo HD2 which is priced $200 more than the TX1. The TX1 stores to SD, SDHC, MMC, and MMC Plus memory cards and transfers to your PC via USB or a card reader.

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