While the Samsung NX1 was quietly gaining accolades as one of the best mirrorless offerings to date, they were secretly (well, given the rumors, not so secretly) working on a another mirrorless, with the guts of the NX1, in a smaller lightweight package. Today, that camera was officially announced as the NX500.

[REWIND: SAMSUNG NX1 VS. FULL FRAME CMOS: CHALLENGE ACCEPTED]

The NX500 has the majority of the guts of the NX1, making it an incredibly capable camera. But it is in a size and form factor more similar to that of the Sony A6000, making it much more friendly to those consumers interested in a small general use camera.

Samsung NX500 Spec Highlights

• 28.2MP BSI APS-C CMOS Sensor
• DRIMe V Image Signal Processor
• 4K HEVC Video Recording at 24 fps
• 3.0″ 1036k-Dot Tilt-Touchscreen Monitor
• NX Autofocus System III & Auto Shot Mode
• 205 Phase-Detection AF Points
• Up to 9 fps Shooting and ISO 51200
• Dual Command Dials & Hybrid UI
• ED-SEF8A Flash & Built-In Wi-Fi

Overall, this looks like it could be a great alternative for those who do not like the size and heft of the NX1, but are intrigued by its performance. One notable disadvantage here is the lack of an EVF, automatically disqualifying it for many photographers, but let’s be honest, for most consumers, this is a non-issue.

The NX500 in the kit with the 16-55mm lens will run you $799, quite the discount from the flagship NX1. If you are interested, you can pre-order it now over on B&H.