Well, it is offical. There will be a new Rebel - 350D / Digital Rebel XT.

No information seems to have been posted on it yet over at the Canon website, but here is the write up / press release over on dpreview:

http://www.dpreview.com/news/0502/05021704canon_eos350d.asp

I would copy and paste, but I am not sure how much of it is press release and how much belong's to Phil Askey.

http://web.canon.jp/Imaging/BeBit-e.html

If you look on the left column of the page there is a Digital Rebel 350D and a Rebel XT

The xt link didn't work but the 350D one did
http://web.canon.jp/Imaging/eosdigital2/index.html

Thanks Stina. I feel better somehow knowing that it is not just Pentax that puts all the goodies on their Japanese site.