Rumors Of Canon EOS 500D

Ubergizmo over here says:

Word on the street has it that Canon will be introducing a brand new DSLR from the Rebel range known as the EOS 500D. It seems that the Canon EOS 500D will come with a 15-megapixel sensor, a DIGIC IV imaging processor, ISO levels of up to a whopping 12,800, and an articulating LCD display with 900k resolution as well as a 1080p movie mode which will be an extension of the 5D Mark II and similar to the one found in the Panasonic Lumix DMC GH1. Just remember to take all those information with a pinch of salt as nothing is finalized just yet.