This gorgeous little number is Canon’s new TX1 digital camera, and Canon wants you to think of it as a hybrid imaging device. Its tall, camcorder-style design gives engineers more front-to-back room to work with, permitting Canon to fit a 10x optical zoom lens inside. The lens retracts into the camera body when powered off. Consider yourself teased.

If you’re not rubbing your legs together in lusty anguish, then this will send you over the top: the TX1 also records HD video at 720p. Optical image stabilization and a 1280×720 30fps movie mode should make for excellent quality video, allowing you to ‘have it all’ in one sleek package.

Canon packs in the latest in their digital processor line, the DIGIC III, giving it 2.2 frames per second continuous-shooting speed. Throw in Face Detection autofocus and ISO settings from 80 to 1600, and this ultracompact is set to catch anyone’s tech-loving loins ablaze. Look for this very soon, set to sell for about $500.