Nikon today announced that it is "working on" a new budget priced digital SLR, the D70 and a new complementary DX lens. From the hints given in the 'development press releases' it's fairly easy to come to the conclusion that this camera will be fully announced at PMA 2004 and should hit the stores shortly afterwards. Considering its "budget price" and considering the current competition I will make a wild guess that the D70 will be based around the D100 engine with the same six megapixel sensor. Styling hints however do appear to be taken from the D2H. Body only price of the D70 is expected to be $999 (in the US) or € 1,100 (in Europe).