Tom Lowe
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http://www.dpreview.com/news/0801/08012415canoneos450dchanges.asp
This camera is looking pretty awesome in the DLSR crop category. It's got 12.2MP CMOS DIGIC III 14-bit RAW with a 3-inch Live View LCD and a few other nice little additions.
For us timelapse guys, this means full 4K+ resolution (4272 x 2848 pixels) and compatibility with EF and EF-S lenses. The batteries are totally different from previous XT models, so you will need to buy new batteries, a new battery grip, etc.
I wonder, though, if packing all those pixels into such a small sensor will cause noise and heat issues, especially with long exposures at night?