The Nikon D40 is an all new affordable, compact, point-and-shoot digital SLR from Nikon, it follows on from the D50 but at a significantly lower price point and with a subtly different feature set. The biggest news however is probably fact that Nikon resisted the temptation to keep chasing megapixels ( hooray for that) and instead appear to have concentrated on what makes a good camera, a decent viewfinder, short shutter lag, very short viewfinder blackout.
They’ve trimmed some of the ’less important features’ ( you can’t change the exposure steps for example) but have squeezed a range of new features such as custom Auto ISO which we welcomed with the D80.