Could Canon Be Planning a Square Sensor Medium Format Camera System?

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Rumors have been abuzz about a very high megapixels Canon camera. And those rumors were numbering near the 75+ MP area. But according to what Photography Bay found on both Northlight and Canon Rumors, the company may be trying to get into the medium format game by actually creating a medium format camera vs taking the high megapixel full frame approach that Nikon did with the D800/D800E.

All this chatter brings up something from a while ago that people forgot about: the Square Sensor. Plus, these things already exist.

If Canon really is doing this, it might be something truly revolutionary–and they might even pack video into the camera too.