•No rear info panel (now on main LCD)
•95 percent coverage, 0.72x viewfinder (to D3's 100 percent, 0.7x)
•Smaller battery, plus uses D300's MB-D10 battery pack
•Expanded Function button options (macro for any camera menu item)
•Less robust shutter (150,000 cycles, like D300)
•Single CF slot
•Minor menu and control differences

To save $2000, some heft and bulk, they're all little sacrifices I'd gladly take. [DP Review]

The only thing you really sacrifice is a smidge of burst speed (down to 5FPS, or 8 with the battery pack) and the 5:4 cropping options. Otherwise, it actually has a bunch of improvements all around: The 51-point autofocus-system has gotten an IQ boost with 3D focus tracking (which apparently made Nikon's test-shooting at Belmont the other week a crispy clear breeze). Active D-Lighting for more contrast-y highlights and shadows is more automagical than before. The virtual horizon can now be displayed with live view. Plus, it has the sensor auto-cleaning from the D300 that was strangely absent from the D3, along with GPS support and HDMI port. The ISO can still be cranked to 25,600 or dropped to 100. It really is the D3 in body barely bigger than the D300.

Drooling yet? It'll be available later this month. I think Nikon has a hit here—Canon better have their 5D Mark II ready to go.

THE AGILE NEW NIKON D700 FX-FORMAT D-SLR CAMERA DELIVERS PERFORMANCE INSPIRED BY THE NIKON D3 IN A SMALLER, LIGHTER DESIGN

Nikon’s Second FX-Format Camera Delivers Peak Pro Performance in a Versatile Form-Factor

MELVILLE, N.Y. (July 1, 2008) – Nikon, Inc. today introduced the new D700 digital SLR camera featuring a 12.1-effective megapixel Nikon FX-format sensor that measures 23.9 x 36mm, which is nearly identical to the size of 35mm film. Benefiting from Nikon’s legacy of imaging technology innovation, the D700 offers both advanced and professional photographers stunning image quality, accurate color reproduction and revolutionary low light performance.

Building on the immense success of the Nikon D3 professional D-SLR camera, the D700 offers pro-level performance and an extensive array of features and innovations in a comfortably nimble platform. In addition to the Nikon-original FX-format CMOS sensor, the D700 incorporates Nikon's EXPEED Image Processing System, Nikon’s renowned 51-point auto focus system with 3D Focus Tracking and two Live View shooting modes that allow photographers to frame a shot using the camera's three-inch high-resolution LCD monitor. The D700 also features Nikon’s sophisticated Scene Recognition System and a new active dust reduction system.

Nikon’s flagship FX and DX-format cameras, the D3 and D300 respectively, established new benchmarks for digital image quality, speed, and unmatched ISO performance. The D700 maintains this new measure with exceptional overall image quality, broad tonal range and depth, and extremely low-noise throughout its native ISO range of 200 to 6400.

“Nikon FX-format cameras have teamed with our strong lineup of DX-format models to offer photographers unprecedented advancements in performance and versatility along with the freedom to choose the format that best serves their needs. Today’s introduction of the D700 offers an important new option to photographers who need the overall performance and imaging perspective Nikon FX-format cameras offer,” said Edward Fasano, general manager for marketing, SLR System Products at Nikon, Inc. “Nikon has developed a host of innovative technologies such as the Scene Recognition System and Picture Control, incorporating them into both FX and DX-format digital SLRs to ensure that photographers can leverage the advantages of both formats seamlessly, and achieve the end-results that best fulfill their photographic vision.”

The legendary Nikon FX-Format CMOS sensor

The D700’s 12.1-megapixel FX-format CMOS image sensor provides exceptional image quality throughout its remarkable ISO sensitivity range. A large pixel size of 8.45 µm allows for an extremely low signal-to-noise ratio and a wide dynamic range. The 12-channel readout enables accelerated information transfer, allowing the D700 to shoot at speeds of up to eight frames per second at full resolution (using the optional MB-D10 Multi Power Battery Pack) and quickly write image data onto the CompactFlash™ card.

The D700 offers a versatile base ISO range from 200-6400 but can be expanded to range from ISO 100 (Lo-1) to 25,600 (Hi-2) affording photographers the new-found confidence to shoot in the widest variety of lighting conditions from the brightest midday sun to dim interiors. Images previously thought to be impossible to create without complex lighting set-ups or lengthy post-processing are now captured easily and faithfully with the D700, unleashing new and diverse shooting possibilities.

Also new to the D700 is Nikon’s first self-cleaning system designed for the FX-format sensor. Utilizing four distinct vibration frequencies, the D700 frees image degrading dust particles from the sensor’s optical low-pass filter at start-up, shut-down or on demand. As an added benefit, the mirror box and entire shutter mechanism are constructed of materials that resist creating debris that can affect image purity.

Fastest speed and autofocus in its class

The D700 starts up in a mere 0.12 seconds and has a nearly imperceptible shutter-lag response time of 0.40 milliseconds, making this an extraordinarily responsive tool for the demanding photographer. The D700 can record full-resolution JPEG images at an astounding five frames per second (fps), or eight fps with the optional MB-D10 battery pack for up to 100 images, or up to 17 lossless 14-bit Nikon NEF (RAW) files. To write images efficiently, the Nikon D700 is also compliant with the next-generation of high-speed UDMA CompactFlash™ cards that will enable recording speeds up to 35 megabytes/second.

The D700 offers one of the fastest and most accurate advanced AF systems on the market today. Nikon’s Multi-CAM 3500FX autofocus sensor module features 51 AF points and the ability to use 3D tracking to focus and lock-on a moving subject. The 15 cross-type sensors and 36 horizontal sensors can be used individually or in groups, with the option for Single Area AF mode and Dynamic AF modes using groups of either 9, 21 or all 51 focus points. The system also features 3D Focus Tracking with automatic focus point switching that takes advantage of all 51 AF points as it uses scene color content and light information to accurately track the subject.

Intelligent features for sophisticated performance

The D700 relies on a wealth of innovative Nikon technologies to help photographers create superb images. Nikon’s Scene Recognition System analyzes information from the 1,005-pixel RGB light sensor for use in auto exposure, auto white balance and autofocus calculations. The Scene Recognition System also assists autofocus by tracking subject position and automatically shifts the AF points used to match the subject’s movement within the frame. This system also contributes to higher accuracy of auto exposure and auto white balance detection, resulting in sharp landscapes, flattering portraits and engaging action shots.

Photographers also have the option to enhance their pictures during or after capture with the Picture Control System and Active D-Lighting. Nikon’s Picture Control System enables users to adjust their images to pre-set parameters such as Standard, Neutral, Vivid and Monochrome that apply tweaks to image sharpening, tone compensation, brightness, overall tone and saturation. D-Lighting uses localized tone control technology to further optimize highlight and shadow detail while also maintaining natural contrast, giving photographers the ability to capture more perfectly exposed images, even in unusual lighting conditions. Active D-Lighting lets photographers choose from various intensities during capture, while a new Automatic mode also applies varying levels of D-Lighting as, and when needed, to enhance photos while shooting.

Enhanced Live View modes and viewfinder

Ideal for studio, remote applications and more, Nikon’s Live View allows the photographer to compose the subject on the bright three-inch, TFT LCD monitor. In Handheld mode, the user is able to recompose the frame prior to actual shooting; familiar TTL phase-detection AF is activated, using all 51 AF points. Tripod mode is designed for precise focus accuracy with still subjects and tripod stabilization. It enables focal-plane contrast-detect AF on a desired point within a specific area. Remote view, focusing and shooting can also be controlled from a PC (via connection or wireless) using the optional Nikon Camera Control Pro 2 software. Additionally, the Virtual horizon feature on the D700 can now be superimposed over the Live View monitor image to aid composition.

While using Live View to compose or review images and settings, users will appreciate the ultra-high resolution 920,000-dot VGA, three-inch TFT LCD monitor with tempered glass that provides a wide 170-degree viewing angle. The large monitor is remarkably effective when confirming the focus with enlarged playback images. The camera also outputs a video signal to an HD television using the new smaller HDMI-C standard, which is an excellent solution for workshop demonstrations or shooting tethered for clients.

Photographers will also be able to compose images easily using the wide and bright viewfinder that features an eye-level pentaprism with high refraction index and provides a 95 percent frame coverage with 0.72x magnification. Each of the 51-AF points, as well as a framing grid can also be superimposed on the finder screen to suit the photographer’s personal preferences.

Rugged construction and durability

High-strength magnesium alloy is used for the construction of the camera body, rear body and mirror box to create a precision platform, reduce weight and provide rugged durability. The camera is tested to stand up to the rigors of the globetrotting photographer and is weather sealed using precision O-rings where connections are made to effectively combat dust and moisture.

The shutter unit employs an assembly made of a new composite carbon fiber and Kevlar hybrid material. Tested on fully assembled cameras, the D700’s shutter unit has been proven through 150,000 cycles under demanding conditions. The self-diagnostic shutter constantly monitors and maintains shutter precision to ensure peak performance.

Price and availability

The new FX-format Nikon D700 D-SLR camera will be available late July 2008, and will have an estimated selling price of $2,999.95* (body only).

[Nikon]

I haven't been so impressed with a set of images since trialing Fuji's S5 Pro, itself boasting Nikon heritage. For the purposes of the images displayed here I was shooting large size, fine quality JPEGs. The Nikon D3's images have a smooth, film-like quality to them, with colours realistically and accurately rendered - primary colours in particular delivering plenty of punch.

If we're picking holes, there is some pixel fringing visible on very close inspection, a slight fish eye effect at maximum wideangle, some shading and loss of sharpness toward the edges of the frame using the supplied lens, but in truth neither mars an image - especially one that's likely to end up in the forgiving media of print.

The Nikon D3 has got to be the top choice for anyone wanting high quality, rapid-fire image capture, or extremely low light photography without flash, who is not otherwise wedded to the Canon system.

With a D3 you get a camera with the best bits of its D2Xs and D2H predecessors without having to buy both. That said, the DSLR's heft with lens attached means that it's not the one you'll want to be lugging around with you all day firing off holiday snaps, the D300 a sensible alternative if you don't feel the need for speed or (obviously) full frame capture. But the fact that the Nikon D3 is (currently) pretty much peerless means this is a rare occasion of a camera deserving the full compliment of review stars.

For a full gallery of pics, hit the following link. [LetsGoDigital]

If the high price tag of the D3 is a little to rich for your blood, you can still score a D300 for $1799. Still too expensive? In that case, I'm sorry for depressing you around the holidays. For a full gallery of unboxing shots hit the following link [chromatic]

I did have a bit of trouble navigating the D3's controls despite the emphatically touted Italian design and had to ask for some help, but I wasn't overly familiar with its predecessor, which could be why I had some trouble. The D300 has a simpler layout, so I had an easier time. But you can look at the huge galleries and decide for yourself on the new layout.

The one down spot is that they were really adamant about me not cribbing a sample shot from either camera to upload, the reason being the cameras are stilled considered "prototypes" and not "mass production" models. Still, it's a little disappointing/disconcerting.

It shoots 9 fps burst in FX (full frame), 11 in DX (cropped smaller). Plus, it has a dual CF card slots. All of this goodness is packed inside of a magnesium alloy body which feels battle-hardened enough to survive the Blitz with its delicate innards completely intact. It's also heavy as a mother. It'll start shipping in November for the body-only price of $4999.

NIKON D3 DIGITAL SLR CAMERA: MAJOR FEATURES

New 12.1 effective megapixels FX-format (23.9 x 36mm) sensor
The D3's new and original 12.1 effective megapixel FX-format CMOS image sensor features a series of technologies that enable it to deliver superior quality pictures throughout the camera's exceptionally broad ISO range. In addition, the sensor's high-speed 12-channel readout allows the camera to shoot 12.1 megapixel images at up to nine frames per second.

Wide sensitivity range
The camera's ISO sensitivity range is extremely broad, allowing photographers to shoot low noise photographs in a variety of situations. The camera's normal range is from ISO 200 to 6400, and this range can be extended using the camera's built-in settings of Lo-1 and Hi-2 for the equivalent of ISO 100 and ISO 25,600, respectively.

High-speed performance
The D3 is designed to deliver high-speed performance in virtually any situation. With a shutter release time lag of only 37 milliseconds, camera start-up time of 0.12 seconds, and continuous shooting speed of up to nine frames per second with full resolution 12.1 megapixel images, the D3 is the world's fastest digital SLR camera in its class.* The D3 is also capable of shooting at up to 11 frames per second when using the camera's DX-format mode, with 5.1 megapixel images. The Nikon D3 is also compliant with UDMA memory cards, enabling recording speeds of up to 35 megabytes per second.

New EXPEED Image Processing System
The D3 features Nikon's new EXPEED Image Processing System that is central to the speed and processing power of the camera. EXPEED delivers optimized performance for the camera and its features and ensures high-image quality and high-speed image processing.

Versatile new Picture Control System
Nikon's new Picture Control System, featured in the D3, allows photographers to fine-tune and adjust fundamental rendering options for their pictures so they can define the exact tone, sharpening, brightness and saturation they prefer. They can then port these settings to any other Nikon camera featuring the Picture Control System, such as the recently introduced D300, so that even when shooting with different cameras, they can get consistent tones for all their pictures.

New 51-point auto focus system
The D3 features Nikon's Multi-CAM 3500FX auto focus sensor module, with 51 AF points, including 15 cross-type sensors that are located in the center of the frame. These cross-type sensors work with all NIKKOR lenses, including those with apertures as small as f/5.6. The D3's auto focus system is closely linked with the camera's innovative Scene Recognition System to deliver greater accuracy in subject detection and focus tracking performance.

Revolutionary new Scene Recognition System
Nikon's D3 features a revolutionary new Scene Recognition System that greatly enhances the accuracy of, auto exposure, auto white balance detection and auto focus in the camera. The Scene Recognition System uses the camera's built in 1,005-pixel RGB metering sensor to recognize the subject or scene being photographed and detect any movement. This information helps optimize exposure and white balance settings for the recognized subject and also enables the camera to assign appropriate AF points based on any movement of the subject, ensuring highly precise auto focus tracking performance.

Super-density, 3-inch VGA, TFT LCD monitor with 920,000 dot resolution
The D3 features a gorgeous, ultra high-definition 3-inch LCD monitor with 920,000 dot resolution. The monitor provides a 170-degree viewing angle and is very effective in confirming focus on pictures as well as framing a shot using the camera's new LiveView modes.

LiveView shooting with two optimized modes
Two new LiveView modes in the D3 enable photographers to compose their shot using the camera's ultra-high resolution LCD monitor. The Tripod mode is designed for precise focus and accuracy when the camera is on a stable platform and the subject is not moving. In this mode, the camera focuses on the subject using focal-plane contrast and any point on the LCD screen can be selected as the focus point for the picture. The second mode, called Handheld mode, allows photographers to use the camera's conventional TTL focusing system, with all 51 points and 15 cross-type points available. When using this mode, the camera activates focusing immediately when the shutter button is pressed, to ensure accurate focus.

Active D-Lighting
Nikon's D-Lighting feature in its digital SLR cameras has proved to be a popular way for photographers to quickly compensate for dark areas of a picture after it is taken, without adversely affecting its highlights. The D3 now features an Active D-Lighting mode that when enabled provides remarkable real-time highlight and shadow correction with optimized image contrast. Active D-Lighting produces broader tone reproduction in both shadows and highlights by controlling highlights and exposure compensation while applying localized tone control technology to achieve a more pleasing level of contrast across the entire image. And because the advantages of Active D-Lighting are applied as images are captured, image editing time can be shortened.

Improved usability
Several aspects of the D3's usability have been refined to offer professional photographers a satisfying experience when using the camera. The camera's optical viewfinder offers a large, bright image with virtually 100 percent frame coverage and 0.7x magnification in FX-format. The D3 accepts two CF (Compact Flash) cards simultaneously for a myriad of recording options as well as the ability to copy images between the two cards. An integrated HDMI port offers the ability to view images from the camera directly on a high-definition television. The D3 also features the world's first virtual horizon level indicator that uses sensors incorporated within the camera to indicate the inclination of the camera relative to the horizon, on the LCD monitor or inside the viewfinder.

Reliable and durable
The D3 is designed to perform reliably and consistently under the most demanding conditions. The exterior of the D3 is crafted of magnesium alloy and numerous seals are used throughout the body to protect the camera against dust and moisture. The camera's shutter employs blades made of a hybrid of carbon fiber and Kevlar and is tested to 300,000 cycles. The camera also features a Self Diagnostic Shutter Monitor that ensures the accuracy and precision of the shutter at all times.

Fine-tune adjustment for auto focus
Photographers who need to make small adjustments to correct differences in focusing can do so using the D3's built-in capability to adjust focus specific to a lens. The camera offers the option of either setting compensation for a specific lens so adjustment in focus is only enabled when that particular lens is used, or the camera can apply a uniform level of compensation for any lens used with the camera. Users can store settings for up to 20 different lenses if they prefer to fine-tune the camera's focusing based on specific lenses.

Designed for ergonomics, by Giugiaro
The D3 is built around the central theme of ergonomics and the camera's exterior form is designed by world renowned Italian design house, Giugiaro. Every aspect of the D3 is fine-tuned to be ergonomic and help photographers seamlessly work with the camera. Its slightly inclined command dial, comfortable hand-grip, and curves on the pentaprism top, grip and side panels are all part of a new design theme.

Exclusive Wireless Transmitter WT-4A (optional)
The D3 is compatible with Nikon's new WT-4A wireless transmitter that provides support for wired LAN (10BASE-T, 100BASE-TX) and wireless LAN (IEEE 802.11a/b/g,). When using the D3 in LiveView mode, the WT-4A can transmit a remote view from the camera and also support continuous shooting through a wireless or wired connection using Nikon's Camera Control Pro 2 software (optional).

* As of August, 2007; among cameras featuring an imaging sensor similar to the size of 35mm film

Instead of that rapid-fire ten frames-per-second that so impressed us with the big-time Canon DSLR (see the video here), Nikon will allegedly fall a bit short of that with "just" nine frames-per-second continuous shooting. Jeez, guys, make it 21 frames-per-second faster and you can just about shoot HDTV with this thing.

One of the dubious rumors is that this latest Nikon will have a live view viewfinder, showing you what the lens is seeing just like a point-and-shoot camera does. Although Nikon has dropped a few subtle hints about live view viewfinders coming in the future, some reps quietly said that wasn't going to happen very soon. But that was a couple of months ago when we heard that, so that live view feature for this newest Nikon is still up in the air. As far as megapixels and such, the latest guess says it'll be packing more than 12.4 megapixels. [Electronista]