After a year of duty, the PowerShot A470 is finally withdrawing from the retail market. In its stead, Canon has announced the 10 megapixel A480. It's 25% smaller than its predecessor and features a 3.3x optical zoom (up to 4x digital), 2.5-inch LCD screen, and a DIGIC III processor. The company is also touting a simplified button scheme and a choice of four colors to match your fashion tastes: red, blue, black, and silver. No definitive word on a US release, but Europeans can look forward to these in February for around £129.00 (US$188).

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