Canon announced today two new compact superzoom cameras—the PowerShot SX500 IS and PowerShot SX160 IS. The 16-megapixel SX500 features a 30x optical zoom 24-720mm lens and Canon’s DIGIC 4 image processor (the same processor in the EOS 5D Mark II). It also has a 3-inch LCD with Canon’s “Zoom Framing Assist” feature, which helps you keep track of your subject after zooming in.
The SX160 features the same image sensor and processor as the SX500 and has a 16x 28-448mm equivalent lens. Both cameras are expected to be available in September for $329.99 (SX500) and $229.99 (SX160).