The Nikon Z5 is rumored to be announced on July 21.

Also it can be that it will be only more or less serious camera announced by Nikon (can be also rehashes still).

As development since February almost stopped.

PR

Nikon Inc. announced the Z 5, the new full-frame (FX-format) entry-point into its award-winning lineup of Z series mirrorless cameras. The Nikon Z 5 combines sophisticated features inherited from the Z 7 and Z 6 with the benefits of Nikon's next generation Z mount at an unprecedented value. For those new to mirrorless or creators looking to push the limits of their craft with the power of full-frame, the compact Z 5 will exceed expectations. With an incredibly robust feature set, including in-camera vibration reduction (VR) image stabilization (IBIS) and the perfect balance of seamless automation and full manual control, creators can effortlessly share their artistic passions, travel adventures and so much more.

"The Nikon Z 5 offers the next generation of creators a gateway into the full-frame Z series lineup, opening the door to the limitless possibilities of mirrorless photo and video capture, while providing the means to share their creativity with others," said Jay Vannatter, Executive Vice President, Nikon Inc. "With the addition of the NIKKOR Z 24-50mm f/4-6.3, Nikon is introducing the smallest full-frame NIKKOR Z lens to date, providing an extremely lightweight, versatile option to help users pursue all creative endeavors, regardless of which Z series camera they use."

Nikon Z 5: The Full-Frame Journey Starts Here

As the new entry point to Nikon's full-frame mirrorless lineup, the Nikon Z 5 offers a lot of power and capabilities at an attractive price, empowering the next generation to begin their journey with the confidence to learn and grow as creators.

• Incredible Image Quality: Featuring a powerful FX-format 24.3-megapixel CMOS sensor, the Z 5 is the gateway to the benefits of full-frame, helping creators to capture intensely detailed images, ultra-shallow depth of field and clean low-light shots with unrivaled consistency. From portraits that flatter, nighttime landscapes that astound and street shots that impress, the gorgeous tones, faithful colors, minimal noise, and revered Nikon color science all play a part to help users capture images that are true to their vision.
• High Speed Performance and Processing: Engineered with the EXPEED 6, Nikon's fastest image processor to date, the Z 5 is a dependable, high-performance tool designed for content creation. EXPEED 6 allows for a boost in processing power and energy efficiency while rendering subtle textures and small details with amazing results.
• Stellar Low-Light Performance: With an ISO range up to 51,200 (expandable to 102,400), the camera effectively reduces noise, maintaining both high sensitivity and resolution to excel in low-light situations, making it ideal for shooting everything from low-light events to an all-nighter under the Milky Way.
• Capture with Speed: With shutter speeds up to 1/8000, the Z 5 can capture fast-moving subjects with clarity including fast-action sports and wildlife. This higher maximum shutter speed enables photographers to better tame even the brightest mid-day light to unleash the potential of fast-aperture NIKKOR glass. When the moment strikes, the camera can also capture full resolution bursts at 4.5 fps with full AF/AE.
• Silent and Smooth: The combination of the camera's silent photography mode and In-Body 5-Axis VR stabilization provides quiet, stable shooting to document sensitive moments without distractions.
• Vast Lens Selection: Whether shooting glamorous portraits from a studio on the sidewalk, long-distance wildlife, epic wide landscapes in the field or street photography, the growing lineup of NIKKOR Z lenses provides Z 5 users the versatility to capture incredible shots with sharpness across the frame and superior light gathering in any situation. For even more flexibility, the vast array of traditional F-mount NIKKOR lenses can be used via the Mount Adapter FTZ to enhance images with a unique focal length or beautiful bokeh, while gaining the benefits of in-body stabilization.
• Dual UHS-II SD Card Slots: Equipped with two UHS-II card slots for overflow, backup or separating RAW and JPEG photos, the Z 5 enables photographers to shoot with extreme confidence when using widely available consumer SD cards.

Simple Yet Sophisticated for Expanding Creativity

A great option for emerging creators getting started, the Nikon Z 5 is packed with powerful tools and user-friendly controls to help users explore and capture their artistry with ease.

• Focus Anywhere: The Z 5 boasts 273[1] on-sensor AF points, to quickly and accurately track subjects throughout the frame, while Eye-Detection AF capabilities help precisely capture the eyes of humans and animals. The wide array of AF points covers nearly the entire frame, and multiple AF modes allows the user to have pinpoint control or fully automatic assurance to easily lock onto a subject.
• Easily Shift Gears: The Nikon Z 5 offers the ability to effortlessly switch between manual mode for the ultimate in control, as well as a large variety of automatic creative modes to help mirrorless users capture truly distinct images and video.
• Creativity Built-in: Equipped with 20 Creative Picture Controls, and advanced features like Focus Shift Shooting and multiple exposure mode, users can compose unique images, produce extraordinary depth of field, or combine several shots and layer images on top of each other with the in-camera image overlay function.
• Advanced Video Capture: The Z 5 makes it easy to document any creative vision in 4K UHD/30p[2] or in 1080/60p (full-frame). When recording video, the PDAF system is rapid to react, allowing users to quickly lock critical focus on subjects, and is fully customizable to fit any production style. In-camera VR image stabilization and electronic VR reliably eliminate the shake when shooting video, plus users get the added benefit of focus peaking and the ability to capture stills while recording.
• Flexible Recording Modes: In addition to the traditional interval timer and in-camera time-lapse modes, the Nikon Z 5 is equipped with a new Time-Lapse Movie mode that gives users the best of both worlds for more streamlined movie making -- the ability to use images from interval timer mode and create a time-lapse in-camera.
• Unique Lighting Options: For enhanced creative control, the camera features a hot shoe, and is fully compatible with the Nikon Speedlight wireless lighting system.
• Get Connected: The Nikon SnapBridge[3] app makes it easy to remotely control the Z 5 or seamlessly transfer and share content to a smartphone, tablet, Mac, or PC thanks to built-in Wi-Fi[4] and Bluetooth[5] connectivity.

Rugged Reliability and Engineered for Versatility

In addition to providing high-quality imaging capabilities, the Nikon Z 5 is compact and comfortable in-hand while promising the rugged reliability as well as innovative features and controls that Nikon is known for.

• Legendary Nikon Build: Designed with a durable, weather-sealed exterior for worry-free use, the Z 5 employs the same magnesium alloy shell and robustness as the Z 6 and Z 7. Both the camera and NIKKOR Z 24-50mm f/4-6.3 lens are built with consideration for dust and drip resistance and are ready to tackle the next adventure.
• Functional Operability: The camera sports a powerful, high-resolution 3.2-inch LCD monitor with the capabilities to tilt, touch, tap, swipe, and pinch for an intuitive and flexible user-experience. Meanwhile, the 3.6M-dot Quad-VGA EVF ensures users can see exposure, ISO, white balance and creative picture controls in real time, making the transition from optical viewfinders seamless for new mirrorless shooters.
• Packed with Power: Powered by the new EN-EL15c battery, the Z 5 offers significant advancements in the number of shots per charge and is the first Nikon camera to enable constant power through the USB port, even with select portable USB power banks[6]. For added power and grip, the camera is also compatible with the MB-N10 hot-swappable battery pack.
• Webcam Ready: When connected via the USB-C cord, the Z 5 can be used as a webcam, making the camera a great option for modern vloggers, influencers and gamers looking to improve their livestreaming capabilities.

Pricing and Availability

The Nikon Z 5 will be available in August in several configurations, including body-only for a suggested retail price (SRP) of $1,399.95*, a one-lens kit with the new NIKKOR Z 24-50mm f/4-6.3 for an SRP of $1,699.95 and a one-lens kit with the NIKKOR Z 24-200mm f/4-6.3 VR lens for an SRP of $2,199.95 for those seeking extra reach when photographing wildlife or travel adventures. Also available in August, the NIKKOR Z 24-50mm f/4-6.3 lens can be purchased separately for an SRP of $399.95*. The new Z TELECONVERTER TC-1.4X and TC-2.0X will have an SRP of $549.95 and $599.95 respectively and will be available in late August.

For more information on the latest Nikon products, including the new Z 5 and NIKKOR Z 24-50mm f/4-6.3 lens, as well as the full Nikon Z mount system, please visit www.nikonusa.com.

Basically marketed to anyone unaware they can get a used or refurbished Z6 for nearly the same price. The could have saved allot of time and effort with PR and said, "Minimal Full frame Nikon that uses SD cards. The camera is actually a stripped down overpriced Z6, but hey, you won't have to spend an extra $500 on memory cards to capture a week long holiday".

Konjow, I am a Z6 user, so I understand completely, though XDS/CFexpress is a huge positive development, it is just the price gouging that is very negative. Sony... cough cough. A 2Tb CFexpress card would be wonderful for extended shoots, and holidays, but for $1000, most would buy a better lens, or second camera instead. Sadly I think we are 3 years from reasonable CFexpress card prices, and 5 years from practical. Nikon seems to know this. I am torn on whether I want to see a dual CFexpress or Dual SD type slots on Z6s, but this may be a hint that it will be 1 CFexpress and 1 SD, as it would be the safest route to make most begrudgingly go along for the ride. Go dual SD and allot that already invest in CFexpress will be irate, go dual CFexpress at such a fiercely competitive moment, and risk very serious revenue loss. If only the camera industry could work out a deal with the CFexpress overlords and sacrifice the profits there for the good of the industry.

If they drop the price to $900USD they will have a camera they can sell. As is, buying a refurbished or even used Z6 would be so much better for anyone with sense. $900 makes sense for so many reasons, as it magically makes it less than 1K.. anything over 1K is something most are unwilling to pay for a camera. Also it makes it very practical for wedding photographers and others wanting dual cameras for events. 1 Z6 or Z7 and one Z5... but again, you can get a used Z6 for $1300 with a whole load of extra features... Nikon is counting on a select group of ill informed people with just the right amount of money who think they need full frame, and don't know there are better options for their money.

There is nothing wrong with this camera, it just lacks justification at this price point.

Samples

https://www.photographyblog.com/previews/nikon_z5_photos

Review

https://dc.watch.impress.co.jp/docs/review/newproduct/1278255.html

https://www.dpreview.com/samples/5722265735/nikon-z5-sample-gallery-new-samples-from-dpreview-tv