Spreading around the web like wildfire is rumored information on an upcoming compact digital SLR from Nikon called the D40. With four fairly well known digital photography / technology 'blogs' already reporting this news it seems ridiculous for us to ignore it. Frankly we've had enough of sitting back each time 'leaks' occur and watching a camera become old news before it's even announced.
Phil: We of course couldn't confirm or deny this information unlike these sites which appear to have no direct relationship with Nikon.
UPDATE 16/11/06: We can of course NOW reveal the D40 is indeed real: