The XM3 would be the new version of the XM2. The XM2 is essentially the GL2, but for europe. Instead of NTSC (30fps) it's PAL (25fps). A lot of people looking for the "film look" like to get the XM2 because of its closeness to film framerate (24fps). I just got the GL2 not long ago, I'm really loving it. I wouldn't hesitate to get a GL3 when and if one comes out. I think Canon would do well to enter the High Definition market and make a HD camera, or make the GL3/XL2 capable of at least 720p.

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