Amazon is selling the Canon Rebel XS Digital SLR Camera with EF-S IS Lens for just $499 shipped, originally priced at $649.99. Featuring “a 10.1-megapixel CMOS sensor, Canon’s DIGIC III processor, fast shooting and more, it’s a digital powerhouse.” Product page.

The new Rebel model also incorporates Canon’s DIGIC III image processor, 10.1 megapixel CMOS sensor, Live View, Auto Lighting Optimizer, 7-point wide-area autofocus (AF) sensor and 3.0 frames per second continuous JPEG burst rate where the number of consecutive shots in a burst is only limited by the capacity of the flash memory card in the camera.

[via Amazon]