Canon is developing a 120 Megapixel DSLR! Yes please.

Canon Inc. announced today that it is developing a Cinema EOS System 8K camera and professional-use 8K reference display that will support the production of next-generation 8K video content, along with a still-image single-lens reflex camera equipped with a CMOS sensor featuring approximately 120 million effective pixels.

Through the Company’s proprietary imaging technologies, Canon provides still and video input and output devices that will contribute to the development of imaging culture.

Yesterday, Canon made a splash by announcing the development of a new 250-megapixel CMOS sensor — the highest resolution for a sensor smaller than 35mm.That sensor is geared towards industrial applications (e.g. surveillance), but if you’re dying to get your hands on a monster-resolution Canon DSLR, the company has some good news for you too.

Canon just announced that they’re currently developing a DSLR camera that packs a 120-megapixel CMOS sensor.

By comparison, Canon’s latest 5DS and 5DS R, the world’s highest-resolution full frame DSLRs, pack “just” 50.6 megapixels.

Canon says this next-generation imaging device will help to “expand the possibilities of visual expression” and “recreate the three-dimensional texture, feel and presence of subjects, making them appear as if they are really before one’s eyes.”

The company says it’s also working on an 8K Cinema EOS camera system (with a 35MP 35mm sensor, 13 stops of dynamic range, and 60fps) and an 8K professional-use display.Sony-made sensors have been dominating sensor quality tests in recent years, and Nikon (which uses Sony sensors for some of its cameras) has been benefiting from Sony’s rise as well.

Perhaps this shifting landscape is why Canon is heavily beating its own drum in the megapixel count department and fanning the flames of the megapixel war.

No word yet on when we might see this new 120MP DSLR officially announced… or how many arms and legs it will cost when it is.