Yes the is the BIGGEST bummer, on the other hand I hate the fact that it only has 30fps in 720p. 24fps would have been much more desirable for me. Another bummer, but I am not clear about it, is that on the canon website it leads me to understand that all Exposure and compensation setting are automatic? Does that mean that I cannot set those values statically for each shot? That would be another big bummer since video that is constantly correcting exposure is just hideous. If someone could clear that up for me that would be awesome.
About the Nikon, It has 24fps which is great but on the other hand I read on different sites that the video is full of artifacts ghosts and that in motion is really bad. It seems that video wise Canon is a step forward. Any more input is greatly appreciated.