Casio announced a new 5MP camera today, the Exilim Pro EX-P505. The camera has 5x optical zoom and is also able to record video in MPEG-4.
The P505 is quite a departure for Casio with its SLR-Like appearance, large lens barrel and five times optical zoom. The EX-P505 is also the first Casio digital camera to use the MPEG-4 codec for encoding video, it can record full VGA (640x480) video at 30 fps with stereo audio at 4.2 or 2.2 MBit/sec (approx. 30 / 60 mins on a 1 GB card).