Today, Sony officially announced the new HDR-FX7 camcorder and the professional version HVR-V1E (PAL only for now). The new FX7 is significantly smaller than the FX1, similar in size to the outgoing VX2100. More importantly, the specifications are closer to the Canon XH-A1 which was announced last month. With a 20X Zeiss Optical zoom, a 3 x 1/4” CMOS sensors design and smaller form factor, Sony has filled out the missing component in its lineup between the big performance gap of the HVR-H3 and the FX1. The HVR-FX7 MSRP is $3500 and the HVR-V1E is €4800 (US$5600).