Well the camera wars are certainly heating up again as Nikon shows that the time spent duking it out with Canon didn't leave it unable to contend.

With the D3 and D300 in the hands of many pro shooters, the company has announced early this morning the new Nikon D700, a camera that's aimed right at the level of the Canon 5D.

The D700 is a 12.1 full frame FX-format SLR with the same Live View as the D3, the same sensor cleaning as the D300, but in a body that's much lighter. This new system will ship in July for $3000.

Nikon also announced the 45mm, 85mm PC-E lenses and the SB900 speedlight.

The PC-E Micro NIKKOR(R) 45mm f/2.8D ED and PC-E Micro NIKKOR 85mm
f/2.8D are tilt shift lenses for adjustment of perspective. They will cost $1,799.95 and $1,739.95, respectively.

The SB-900 looks to replace the SB-800 and will offer a range of 17-200 feet along with the Nikon wireless flash capabilities. This strobe has an estimated selling price of $499.95 and will be available in August.