The Canon Powershot TX1 is the camera everyone's been waiting for, combining a high-quality digital still camera with the large zoom and versatility of a camcorder. With the TX1, you can take large, 7-megapixel images or high definition (720p) videos, with a deep, image stabilized 10x zoom, all in a tiny, compact body that measures only 1-inch thick. The TX1 is going to make a lot of waves in both the digital camera and camcorder markets, so expect to see a big move in the direction of these hybrid models. Everything records directly to your Secure Digital memory card. Early price estimates indicate the TX1 will move for about $499, an absolute bargain for such an exciting, feature-rich new model.