14mp 1.6x Coming
A new source claiming great knowledge says that indeed the 40D is on its last legs. The 50D will be a 14mp 1.6x camera. There was no other information on the camera. Will they include the 51 point AF? Will it be kept CF?
I do recall a posting from a long while ago that stated Canon would be replacing every SLR in its lineup in 2008. That means the 40D, 5D and 1D's are going to be replaced before Christmas (1Ds is probably considered 2008, though it was announce last August).
I do also remember information stating Canon would move the xxD cameras to a 1 year product cycle with the Rebels.
All of this makes a lot of sense.