Canon has announced a compact, lightweight video and digital stills camera that provides professional 4K quality and some say signals a convergence of video and stills.The XC10 offers

• 1-inch sensor
• Max ISO sensitivity of 20,000
• 12 stops of dynamic range
• 305Mbps 4K video up to 30fps
• 12-megapixel photos
• SDHC/SDXC and CFast Card Slots
• Lens is fixed with a 10x 24-240mm-equivalent f/2.8-5.6 zoom
• Small size at just 4.9 x 4 x 4.8 inches
• Microphone jack
• Headphone jack
• HDMI 1.4 port
• DC power
• Built-in neutral density filter
• Wi-Fi connectivity
• Tilting Hand Grip
• Tilting Touchscreen with included add-on viewfinder

My Quick Thoughts on the Canon XC10

• It looks well built and likely will take professional use day in day out
• Uses same battery as many current Canon pro bodies and will offer excellent battery life
• Price is an issue,  For $2499 you can pick up a Panasonic GH4 and a really nice lens or two.
  • Benefit of the GH4- Huge lens selection and likely better low light quality - especially with fixed aperture lenses
  • Benefit of the XC10- smaller with broadcast quality bit rates

Available in June - Preorder from B&H for $2,499 or AmazonCanon AU Promo Video:Canon USA Intro Video: