Canon is reportedly working on a DSLR that's comparable in size to Sony's excellent NEX lineup—or, in the Canon universe, its mirrorless EOS M. CanonWatch originally posted the conspicuous rumor yesterday without much detail, claiming a source tipped them off. On Wednesday, a trustworthy source allegedly fed CanonWatch even more info, including a preliminary spec sheet.

Prototypes are apparently already being tested in the wild and, according to the spec list, the unknown shooter seems to be a cross between the EOS M and 650D, which both share the same 18-megapixel APS-C sensor. It won't be part of the Rebel line, but it will supposedly carry a price tag friendly to the budget-conscious consumer—not bad for what could be the smallest and lightest DSLR we've ever seen.

Other specs, according to CanonWatch's source, include a DIGIC 5 image processor, 3-inch touchscreen similar to the EOS M's, 9 focusing points, new hybrid CMOS auto-focus, 98 percent viewfinder, 6 fps, ISO up to 25600, EF and EF-S lens support and HD video recording capabilities.

While prototypes are allegedly out in the wild, it's still unknown when Canon will announce the camera officially. But we do know it'll be small, cheap, and be an actual DSLR in a pint-sized package. Size is still a major issue for some consumers, especially when lugging a camera around for extended periods. This mysterious Canon camera could very well address that problem.