Just when you thought you were gonna get a DSLR or a m4/3 camera,  Sony bust outs their very own compact camera with interchangeable lenses.  It's not the first (take a look at the Panasonic gh1 or olympus), but sure is one of the smallest.  Sony created the Nex series of cameras.  This is a new section in the camera world.  It's not a DSLR (though the sensor is), but it's not a point and shoot either.  It's right in between.  I think it will boom in the next couple months, with rumors that Canon and Nikon are getting in on the action. About the Nex camera themselves.  Well, right now there are only two, the Nex-3 and thee Nex-5.  Both seem to be pretty identical in spec with the only thing differing is  the size and video modes.  The Nex-5 is slightly thicker (if I'm correct) and the video modes is 1080 60i compared to the Nex-3's 720p video recording.  Everything else seems to be identical. Now if you can wait, Sony will be releasing the Nex-7, where rumor has that it will be able to do 1080p (most likely 24/30) and 720p at most 120.  That's right, it'll do slow motion.  It'll be using a newer version of the alpha sensor and supposedly the Nex-7 body will be a little bit bigger.  Sony just make sure it doesn't look like a DSLR otherwise what's the point of having the Alphas series then. I can't wait until Sony's Nex series camera comes out.  With the great pics, video, and awesome iso levels, Sony looks like they have a winner.