Canon launched a new compact digital camera today called the PowerShot E1. The camera features 10-megapixels with a 4x optical zoom and image stabilization. The E1 also has face detection and Easy mode.

The camera comes in three colors including -- white, blue, and pink. Seventeen different shooting modes are available to users and the camera gets power from a pair of AA batteries. The LCD is 2.5-inches and the camera uses a DIGIC III image processor. Availability for the E1 is mid-September with a price of $199.99.

"Canon keeps photography fun and inspiring for memory-seekers of all ages by producing a camera that is relevant to a younger market," said Yuichi Ishizuka, senior vice president and general manager, Consumer Imaging Group, Canon U.S.A. "With our new E-series line of products, Canon is offering the opportunity to experience the joy of digital photography, with the style, quality and price-point they can afford."

Via Canon