Cameratown is reporting the introduction of the new Canon Powershot S5 IS with 12x Optical Zoom and Optical Image Stabilization.

Canon Powershot S5 IS

“Canon has introduced the new Powershot S5 IS, which will replace the Powershot S3 IS in Canon’s line-up.

“The S5 IS offers a huge 12x (36-432mm equivalent) optical zoom lens with optical image stabilization, DIGIC III processor which adds face detection technology, improved auto focus, auto exposure, and flash, a vari-angle 2.5″ LCD screen, and a hot-shoe that will accept Canon’s EX Speedlite flashes. The Powershot S5 IS will also feature an Ultra-Low Dispersion (UD) lens to reduce chromatic abberations at telephoto, and an Ultra-Sonic Motor (USM) for fast, silent zoom operation.

“The Powershot S5 IS will be available in July with an estimated selling price of $499.99 (U.S.).”

Features of the PowerShot S5 IS Digital Camera :

12x optical zoom lens with Ultrasonic Motor (USM) and UD lens
Optical Image Stabilizer
8.0 Megapixel CCD
DIGIC III with Advanced Noise Reduction technology
Face Detection for stills and movies
Red-Eye Correction in playback
2.5″ High Resolution vari-angle LCD
Long-play VGA movies with stereo sound and Photo in Movie
22 Shooting modes including full manual control and 0cn Super Macro
High ISO 1600 and Auto ISO Shift
Compatible with Wide, Tele, and Close-up converter lenses
Compatible with Canon EX Speedlite flashes .