At second glance, the mystery of how they got all that functionality into that really small space deepens. Augmented by a simple press of the power button - this digital camera comes alive and the family resemblance to not one, but many of Canon’s crowning camera achievements becomes immediately apparent…a stainless-steel barrier on the camera’s leading-edge slides away to unleash the PowerShot TX1 digital camera’s formidable (and optically image-stabilized) 10x optical zoom lens that glides smoothly from its resting place into the open air. Unfold a simple yet securely hinged housing, and an 115,000-pixel Vari-Angle LCD screen is freed to swivel camcorder-like from the PowerShot TX1 digital camera’s side.

This digital dynamo even adds a 30 fps High Definition (HD) 720p widescreen (16:9) capability to its movie mode at the press of a button. What’s more, the PowerShot TX1 digital camera has easy connectivity to play its movies or high quality stills back on high-def TVs, thanks to Canon’s thoughtful inclusion of a convenient component video output terminal.

Wow. Don’t wait, go see it for yourself. It’s that amazing. Yes, Canon is impressing everybody in the consumer press world with the new TX1 digital camera and camcorder. You heard right, a digital camera AND camcorder. The TX1 packs in a 7.1 megapixel digital camera much like the SD750 and SD1000, and a flip out LCD along with a digital camcorder capable of recording in 720p high-definition video at 30 fps.

The PowerShot TX1 will be flying out of the stores sometime in March for $499.

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