Latest word out of Cisco is that they haven’t yet ceded the ultra portable video camera throne to Apple’s iPod Nano.  In fact, they have a Wifi update planned for the Flip line.  The new Flips will be able to upload videos to (assuming here) Youtube and Facebook type sites for immediate sharing with friends and family.  Still pictures should also be uploadable as well.  Pocket-Lint is also saying it won’t have a touch screen viewfinder and it should be an early 2010 release. 

Details are thin on the ground at the moment, but we’ve been informed by a Cisco spokesperson that the new model will feature “a large screen that slides to reveal the record and menu buttons underneath” allowing users to see what is going on when they are recording video.

Overall, this leak looks like bad timing for Cisco.  Having a new product outed the week before Black Friday isn’t a good strategy.   To celebrate, Amazon has marked down the current Flip models by considerable margins.

And if you are into the Flip, you might want to check out the slightly more expensive but way cooler Casio Exilm EX-G1 camera.  It is waterproof, takes 12 megapixel stills and wide format video.

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