I've been quite happy with my 40D, but I too was recently looking for something with video. The T2i is worth looking at, but it is not exactly a 1:1 match for a 40D. The Rebel cameras are typically a bit smaller than the xxD series, 18.7 oz. versus 26.1 oz. in this case. This can make the Rebel with any serious lens attached more front-heavy and a bit awkward to hand hold (depends on the user and the lens). The extra heft on the 40D buys you a top view LCD, a slightly bigger and more comfortable grip and partial weather sealing. The Rebel has a higher resolution sensor and more modern processing (which pushes the max ISO up to 12800), but the pixels end up being much smaller (4.3 microns versus 5.7 microns). The better processing makes up for some of this, but you just can't beat having wider pixels (laws of physics and all). Shutter speeds are lower at 3.7 fps versus 6.5 fps on the 40D. The 40D can also shoot 75 RAW shots in row, while the Rebel maxes out at 34.