PhotographyBay received a tip that Nikon will not be updating the D700, but instead will release a completely new model - Nikon D800 with the following specs:
- Video mode 1080p video recording (full HD)
- High resolution 24.5 MP
- High frame rate: 7 fps without battery grip (similar to D300s)
- 51-area Nikon Multi-CAM 3500FX (same technology as D3X)
- Expected to be released before the end of the year
At that point I do not have any reliable info on that rumor. All sources point that D700 will not be updated anytime soon. Maybe this really means a new D800 that could coexists with the D700.