I think the offcial announcement is meant to be tomorrow (20/8/04). The specs we're seeing are probably correct, but they all look the same and I'd read they were off a Korean website ie not direct from Canon, unlike the pictures.
Canon will price this way below the 1DMk2, because it's aimed at consumer market not pro market. It does make the 1DMk2 a whole lot less attractive - I mainly wanted one for the smaller FOV crop, and now I can go wider with a 20D (or Rebel!) with the 10-22 EF-S. Plus 5 fps would be plenty for most of us, and the AF on the 10D is already not too bad. I have been asking for more megapixels. Obviously some of you don't care about this, well then you can buy my 10D when I put it on Ebay!
The 10-22 looks well constructed (materials and finish are similar to the 17-40L rather than the 18-55 EF-S). Obviously optical performance remains an unknown. I'd say this lens is actually more important than the new body for underwater shooters.
It would be interesting to see what does better wide angle now - 1Ds + 16-35L, or Rebel + 10-22 EF-S !