Fujifilm has just announced a pair of new cameras at the company’s X Summit Sydney event. There’s the medium format GFX100S II, which frankly falls outside my scope of interest (and budget). The more mainstream of the two is the X-T50, which is a followup to — but not a replacement for — the X-T30 II, which will remain in Fujifilm’s lineup moving forward.

The X-T50 is a hodgepodge of the camera maker’s new and old tech. Let’s start with the new. The body has a fresh, more rounded shape that’s unlike anything else in the X-Series lineup, and there’s a film simulation dial right on the top, a first for any Fujifilm camera. You get several preset film sims to circle between and can choose your own for the three customizable slots — though you can’t set these to custom film recipes. Still, the dial goes to show what a vital part of Fujifilm’s appeal that these simulations have become over the years.

The X-T50 includes the same 40-megapixel sensor as the X-T5 and X-H2, plus the accompanying fifth-gen processor, so this camera offers a substantial increase in both resolution and autofocus performance compared to the X-T30 II. And it also gains a 7-stop in-body image stabilization system; the far less expensive X-T30 II lacks IBIS altogether. Continuous shooting is limited to 8fps with the mechanical shutter, whereas the X-T5 and X-H2 can both hit 15fps. For storage, there’s a single UHS-II SD card slot. Video performance has also been dialed up significantly:

But there are still some older hardware elements to this camera. For one, you’re stuck with the last-generation battery that isn’t nearly as long-lasting. And disappointingly, the electronic viewfinder is also unchanged from the X-T30 II. You do at least get the same 3-inch, 1.84-million dot rear LCD with two-way tilt as on the X-T5.

The X-T50 slots into a curious spot when it comes to pricing. If you’re buying the body alone, it’s $1,399.99, which is $500 more than the X-T30 II. But again, Fujifilm doesn’t consider this a replacement for that camera. It gets its own unique place in the lineup, which now looks like this:

Some of the upgrades that come with stepping up to the X-T5 include water resistance, a nicer EVF, dual SD slots, better continuous shooting performance, and the newer battery with superior endurance.

Fujifilm’s kit lens is also getting a notable revamp. The company’s well-regarded 18-55mm glass is being replaced by a new, lighter 16-50mm f/2.8 - 4.8 lens that now features water resistance. (The X-T50 itself doesn’t have any official water resistance.) Fujifilm believes this lens does a better job resolving that 40MP sensor compared to the ancient 18-55mm. It’s also a constant length, so all the zooming now happens internally without the lens having to extend. Sold on its own, the new 16-50mm lens costs $699. The combined X-T50 kit runs $1,799.99, so you’re only paying $400 for the lens in that scenario.

The X-T50 will be available starting in June in black, dark gray, or silver. Preorders open today, and the company is no doubt hoping that at least some people will get tired of waiting for the backordered-everywhere X100VI and opt for its latest interchangeable lens camera instead.