It has 1080p 20fps, 720p 30 fps, and VGA 640x480 30fps.
It is a Digic IV processor, being a film student and only owning a 30D, I am thinking of grabbing one as soon as it comes out (the 5D Mk II being out of my budget).
What's the current compatability of CHDK with Digic IV?
I would like to help out with video related modifications for this camera when it comes out, such as variable frame rate, possibly unlocking 30 fps for 1080p, and possibly exceeding 30 fps for 720p.
The only other camera I have I could help out with is the 30D.