Sony has today announced the groundbreaking Cyber-shot DSC-R1, this camera is unique in that it features an APS-C size 10.8 million pixel CMOS sensor coupled with a non-removable 24-120 mm equivelant lens. The R1’s APS-C size sensor is also unique in providing full-time live view video for the camera’s EVF (electronic viewfinder) and LCD monitor. This means that the R1 can do away with the mirror box and prism arrangement of a a traditional digital SLR and hence have a more compact integrated lens / body design. The Cyber-shot DSC-R1 will be priced at $999 when it goes on sale.