Canon has announced the 1D Mark IV, a 16 megapixel, APS-H sensor camera (vs. APS-C in the 7D and full frame in the 5D Mk II) capable of shooting 1080P video at 24, 25 or 30 fps, as well as 720P at 50 or 60 fps. It’s got some pretty nice still specs as well, of course. As usual, Vincent Laforet has made a short movie with it already, Nocturne. Can a full frame 1Ds Mark IV be far behind?

In other news, the word on the street is that Canon will be releasing a firmware update in 2010 adding 24P and 25P video capabilities to the 5D Mark II. Good news for early adopters.