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Excerpt from Dailytech:

"In addition to the pictures, Nikon Rumors says that it has final specifications for the camera which are sure to impress even the most vocal critic. The D90 will have a 12.3MP image sensor, 3" (900k) LCD, 11-point autofocus system, and Live-View.

Perhaps the most talked about feature, however, is the D90's ability to capture video with its image sensor. Although details are sketchy at the moment, the camera will also have a microphone and speaker built-in for recording and playing back sound with capture video.

According to Nikon Rumors, the Nikon D90 will be formally announced on August 27"

More from DailyTech & Gizmodo after the jump...

Dailytech adds:

The D90 can record full motion video at resolutions up to 720p (1,280 x 720 pixels) at 24 frames per second. Nikon says that the D90 is the first D-SLR camera in the world to offer the ability to record movies. Nikon also says that the large image sensor used in the D90 means that it offers better performance in low-light conditions than your typical camcorder. Video shot with the D90 is recorded in AVI format with mono sound.

Here are the full specifications courtesy of Gizmodo:

12.3-effective megapixel DX-format CMOS imaging sensor
5.8x AF-S DX NIKKOR 18-105mm f/3.5-5.6G ED VR lens included
D-Movie Mode - Cinematic 24fps HD with sound
One-button Live View
Continuous shooting as fast as 4.5 frames per second
12.3-effective megapixel DX-format CMOS imaging sensor
5.8x AF-S DX NIKKOR 18-105mm f/3.5-5.6G ED VR lens included
Low noise ISO sensitivity from 200 to 3200
3-inch super-density 920,000-dot color LCD monitor
Built-in image sensor cleaning
11-point AF system with Face Priority
One-button Live View
Nikon 3D Color Matrix Metering II with Scene Recognition System
Comprehensive exposure control
Auto Active D-lighting
Shutter precision and durability
In-Camera Image Editing
GPS geo-tagging

My question is...what does this do for the Mechanical Shutter? Will this start a new wave of 'fancy' or 'high-end' Point & Shoot cameras? I'm not sure how to deal with this news.