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Yes, you Canon-lovers: it’s here. The long-awaited EOS 5D MKII -

Looking at the spec sheet though, most of the “features” are simply what we’ve seen Nikon adopt across their entire DSLR lineup this year. On the image front, most of the improvements are simply playing catch-up with Nikon. Most notable however, is the new 1080p full-HD Movie Mode, which bests that of the D90. As far as I can tell, most of the video limitations such as the lack of autofocus while filming remain. Although the 5D MKII does improve in a couple areas. HD video is limited to 4GB (about 12 minutes) as opposed to 5 minutes on the D90, and there is a port for external microphones to be used.

At $2699, it’s likely to compete against Nikon’s new D700. For a mere $300 more, the D700 seems like a better bang for your buck with it’s 51-point autofocus system (as opposed to 9-point on the 5D MKII), and 5-8fps shooting mode (compared with 3.9fps). The Canon only beats the D700 with it’s gigantic 21 megapixels, and HD movie mode.

Canon seems to have dropped the ball recently. They are just starting to catch up to Nikon’s innovations from last year. If Nikon delivers the rumored D3x at Photokina with D3-like performance at 5D MKII-like image sizes, it will fill the last gap in their product line, and may convince professional photographers to finally switch ship.

Regardless, all this competition in the pro-camera space is nothing but good news. This rat-race between Canon and Nikon just keeps getting better.