Canon joins the mega-zoom compact camera race with the 3MP Powershot S1 IS, which sports a 10X 38-380mm (35mm format equivalent) f/2.8-3.1 image stabilized zoom lens. The camera also features a good selection of exposure controls and a 30fps VGA video mode. Canon U.S.A. says the S1 IS will be available in April for an estimated street price of US$499 in the U.S.