As I told you before, Nikon is planning to release a Sub-$1000 digital SLR, the Nikon D70, to compete with cameras like the Canon Digital Rebel 300D. Dpreview has some more information as well as some images of what the camera might look like.
The gist of it seems to be this: unlike Canon, Nikon doesn't seem to be purposely crippling the software in the camera in order to make it less appealing to professionals who don't need something as rugged or as fast as those on Nikon's professional line. This is a sigh of relief. While the crippling that Canon has done to the 300D isn't that bad, it still is a bit upsetting to think of a manufacturer making a camera do less on purpose. And, of course, this camera will share the same "F" lens mount as the rest of the Nikon line just as they have since… forever. This means that any Nikon lens ever made will work with this camera. Well, almost. Just like with the Nikon D100, there are certain features that don't work with certain lenses. And, of course, if the lens doesn't support a feature (like AutoFocus, for instance) then the camera certianly can't do it. But, as best as I can tell, any lens that would work on the D100 will work on the D70 in the same manner.
It uses a 6.24MP sensor. Most likely the same one in the Nikon D100. It has a 1.5x multiplier, just like the D100. Again, like the D100, it supports ISO 200 – 6400. 30" to 1/8000" shutter speed with Bulb setting. It takes Compact Flash memory and does not come with a card. It supports flash compensation, which the 300D does not. I haven't seen any information on top FPS.
You should also read what Matt has to say about it.
