Canon’s EOS Rebel XS DSLR gets officially annouced + price tag

There’s been some rumors lately, concerning Canon’s new entry-level DSLR. Speculations regarding it’s existence have been high up in the air for some time now, but it’s only now that the Japanese manufacturer  has given any official word.  he camera — which ships in August — will clock in at $699.99, and comes bundled with the EF-S18-55mm f/3.5-5.6 IS zoom lens, rechargeable battery pack and charger, a handful of cables, and the assurance that your pictures will look markedly better than the ones you took with that camera you bought on vacation that was bright yellow and housed in cardboard.

Via USA Canon press release.