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Canon will be introducing a new camcorder in late August. I am told that the new camcorder will sit below the Canon XF705.
The new camcorder will have a 4K 1″ sensor, full-sized HDMI ports, 12G, and similar codec options as the Canon Cinema EOS C70.
The model name and pricing are not known at this time.
Canon will likely be making major cinema announcements ahead of NAB in October, so consider this camcorder the calm before the storm.