Here’s a beautiful little package that packs a ton of power. For $500, you can score a Canon PowerShot TX1, a sort-of hybrid device that’s compact and records HD video and takes 7.1MP photos. Aside from a spectacular price tag, this baby can do 720p video, 10x optical zoom, multiple shooting modes, image stabilization, 115,000-pixel LCD, ISO settings from 80 to 1600 and – bet you can guess it – DIGIC III image processing.

Seems like Canon is all about getting its new technology to the market ASAP. If you’re in the market for a new digital camera or a video camera, this could be the ultimate killer hybrid.

Press Release