This is a fine camera with worthwhile advances on its predecessor. Canon has dominated this segment of the market for DSLRs between $2000 and $3000 but now faces stiff competition. The Sony A700, the Nikon D300 and the Olympus E-3 are all coming soon, which means four superb cameras to choose from in the price range. Camera shops have already discounted the 40D to about $2600, so expect some serious price cutting.
PS: I am not going to be happy with price drop. Plus I think the battery unit on Olympus E-3 makes it look like a caveman-age camera.
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