Canon PowerShot TX1 with 7.1 MPix stills and HD video

Canon has announced their new PowerShot TX1 which will pack 7.1 megapixel stills and 720p HD video recording into an Elph-sized form factor. TX1 builds-in optical image stabilization and a 10x optical zoom as well.

Read more on Engadget or visit Digital Photography Review for the spec list.

Though I don’t particularly care for the styling, the tech in this digicam is impressive. I’m a long time Canon Elph user (currently on my fourth Elph, having given older models to family members as I upgraded over the years). I’ve also recently begun looking for a worthy, HD-capable, HDD- or SD-based replacement for my aging Sony MiniDV camcorder.

I can’t wait to try the TX1 out!