Canon EOS Rebel T2i

This is the greatest camera ever hitting the market. It offers 18 megapixel CMOS sensor capable of capturing up to 3.7 frames per second. Add to it the ability to ramp ISO from 100 up to 6400 - you can get out with stunning pictures from nearly any low-light situation. To finish up the wow-shock and leave you craving for the product, Canon has added live view support and the stunning ability to record High Definition videos. But be careful - the producer inside you will eat up your camera memory in no time. Luckily, there is support for SDXC memory cards that will bring you to the top of the film industry.

Buy it now on amazon:

the kit version: Canon EOS Rebel T2i 18 MP CMOS APS-C Digital SLR Camera with 3.0-Inch LCD and EF-S 18-55mm f/3.5-5.6 IS Lens

or, the body only version:

Canon EOS Rebel T2i 18 MP CMOS APS-C Digital SLR Camera with 3.0-Inch LCD (Body Only)

which you can finish up with an amazing Canon EF 50 mm f/1.4 lens, which fits your budget and gives your photos unbelievable look (great for videos, where you can selectively focus on a specific targets, and also performs amazingly well in low light situations):

Canon EF 50mm f1.4 USM Standard & Medium Telephoto Lens for Canon SLR Cameras

Question of the day
Q: should Canon make further efforts to increase the resolution of the cameras, or concentrate on noise reduction, keeping low MP?