"Last year, Canon created a stir with the Digital Rebel, the first digital SLR (D-SLR) for under $1,000 (including lens). Nikon's return of serve has tremendous heat on it. Instead of creating an amateur-oriented camera like the Rebel and competing directly on price, Nikon has produced a slightly more expensive D-SLR with the features, functions, versatility, and image quality to appeal to budget-minded professionals as well. In fact, not only is the 6.1-megapixel Nikon D70 more camera than the Rebel, it even bests our previous Editors' Choice in the category, the Olympus E-1."
We have already talked a lot about the D70 already so I am not going to get into the details about it, and this review from PCMagazine points out what we already know so far. This is an extremely fast camera and it is absolutely fantastic given the price/performance ratio. The article compares the D70 to the Olympus E-1 and it looks like the E-1 is overshadowed in most categories.