The PowerShot SX500 IS features a 16MP image sensor, DIGIC 4 image processor and a whopping 30x optical zoom (24-720mm equivalent). The camera also captures HD video and sports a 3-inch LCD. The Canon PowerShot SX500 IS retails for $329.99 and should be available in September 2012. You can order the SX500 IS here at B&H Photo.
The PowerShot SX160 IS packs a 16x optical zoom lens (28-448mm equivalent) into a quasi-compact camera body. The SX160 IS also features a 16MP image sensor and DIGIC 4 processor, along with a 3-inch LCD and HD video capture. The PowerShot SX160 is powered by AA batteries and should be available in September for $229.99.
The Canon PowerShot SX160 IS comes in black and red. You can order the SX160 IS here at B&H Photo.