Canon announces PowerShot SX500 IS, SX160 IS superzoom cameras
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Canon digital camera fans have two new models to look forward to. Canon has announced two new superzoom cameras: the SX160 IS, a successor to the SX150, and the SX500 IS, an entirely new camera. Both of these new models include identical 16-megapixel 1/2.3-inch CCD sensors, intelligent image stabilization, an ISO range of 100-800 and the ability to capture 720p video at 25 frames-per-second.

The SX500 IS is the higher-end model, offering a 30x, 24-720mm lens with a maximum aperture range of f/3.4-5.8. There are also autofocus improvements of 32 percent and decreased shutter lag of 33 percent over the SX40 HS. The SX160 IS features a 16x, 28-448mm f/3.5-5.9 lens and offers 22 percent faster autofocus and 46 percent less shutter lag than the SX150. This one is powered by AA batteries.
Both cameras include 3-inch LCDs and will ship in September. The black SX500 IS is priced at $330 and the SX160 IS is available for $230, in red and black.
Source Engadget
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