I am blown away by the Sigma SD9 review by Phil at DPREview.com.
The existing 3 megapixel output photos on the SD9 clearly have much
more resolution than the 6 megapixel Canon D60. The new Canon
10D's sensor won't do much better than this first generation
Foveon-based sensor.
In retrospect, this should be expected since the Sigma SD9 has 10
million individual light sensors to the Canon D60's/10D's 6.5
million sensors.
If rumors are true about a Nikon coming out with the D2 using a
second generation Foveon sensor with 7.8 megapixels, then it will
blow away the Canon 1Ds. A 7.8 megapixel Foveon sensor will have
about 25 million sensors - as opposed to the 11 million sensors in
the Canon 1Ds sensors. As Phil said, the Foveon's sensor captures
detail past the Nyquist limit.
The first Foveon sensors have the advantage of very low noise
overall, slmilar to the Canon D60. The primary disadvantages
compared to the D60 are 1) blooming of overexposed areas 2) color
clipping at overexposed areas. Also a disadvantage is that color
saturation is not as well-done as in the D60. But clearly, the 3
megapixel output Foveon sensor does much better resolution/detail
than the Canon D60's 6 megapixel output. This is because it has 10
million sensors to the Canon's 6.5 million sensors and that the
color's sensor are stacked on one pixel, whereas the Canon's 3
pixels are side-by-side. The Canon's pixels have to be interpolated
to get a single output pixel, and thus lose detail. Canon's 6
megapixel output is not as good as Foveon's 3 megapixel output.
Since Foveon's way of doing pixels is patented, Canon won't be able
to match its resolution unless it at least double's the number of
light sensors in the current cameras.
If Nikon comes out with a D2 or even D100 upgrade using a second
generation Foveon sensor, with lower noise, higher ISO sensitivity,
and corrected overexposure problems, this may well outclass the
Canon 1Ds and 10D.
Thus, I have to wait on the fence again until the next shoes from
Canon and Nikon come off. Hopefully, something will be available
by this summer's vacation !!!

. I'd rather wait than invest
heavily in one lens manufacturer first, since the total for the
lenses will be more than the cost of the camera itself.
Think about it --- a Nikon D100 upgrade with a second-generation
Foveon sensor will definitely blow away the Canon 10D even if it
had only 3 megapixel output (since it has 10 million sensors) The
Canon 1Ds has 11 million sensors.
I would be very interested to see how the first generation 3
megapixel output Foveon sensor compares to the Canon 1Ds's output.
Phil?