The latest word is Canon USA will be announcing the introduction of the new Rebel EOS T4i/650D on June 8, 2012. They have been VERY quiet about this new product and let us hope it is worth the secrecy. Canon USA has also extended their camera rebates to June 30, 2012 in order to move some of the 'older' models. For those who are interested in the Canon Rebel EOS T3i/600D, read my article on the comparison between that camera and the Nikon D5100. You may be able to save yourself some money because the EOS Rebel T3i/600D is also a very good camera. For example, one could have bought a new Canon EOS 5D MK II body or the Canon 24-70mm f/2.8 L lens for a fraction of their first introductory price after their replacement were announced. There is nothing wrong with saving big bucks on something that is almost as good as the new models.
To recap, the new camera is expected to have a 18 MP sensor with the Digic V processor, 9 AF points, all cross-type, touch screen LCD, continuous AF in Live View and Video recording. There may be one or two new EF-S lenses announced at the same time.
If this turns out to be close to accurate, the touch screen and continuous AF in the Video mode are the most interesting new features and bear watching. However, things can still change so please subscribe to this Blog and keep abreast on the latest development. Visit my website MichaelDanielHo.com and Facebook page for any late breaking news and photography tips.
*** Latest development - Read the announcement on the Canon EOS Rebel T4i/650D ***