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Canon has apparently been humbled by the lack sales with the 50D. The 40D was a fantastic selling camera for Canon.
The motivation for the next incarnation is to directly attack the success of Nikon’s D300.
A newer contact has said there will be an APS-H based xxD sized body. It will have a version of the EOS-1 AF system, so expect more AF points than the current 50D. It will shoot 6fps. It will have the same build quality of the 5D Mark II. It will have a new 12.1mp sensor.
The hope is to retail the camera for $1999 USD initially.
At that price point, there is definitely room for another prosumer camera. Perhaps a 50D with video?