Lol @VK, same thing here. Got a hero 3+ 1 month ago...

it has improved image quality and a 2x more powerful processor.

The Black will capture 4K video at 30 frames per second, up from the 15fps of previous GoPros, allowing for extremely high-quality footage that’s much more usable for a wide variety of applications.

Here are the available resolutions and frame rates: 4K at 30fps, 2.7K at 50fps, 1440p at 80fps, 1080p at 120fps, 960p at 120fps, and 720p at 120fps. It appears these cameras are no longer capable of 240fps.

For still images, you’ll be able to capture 12 megapixel photos at 30 frames per second.

Audio capture is also improved, with the new system capturing 2x the dynamic range.

On the front of the camera is an ultra-wide angle glass lens, and the camera can be set to three different field-of-view settings: Ultra Wide, Medium, and Narrow.

There will be new manual settings for both photography and videography — controls such as color, ISO limit, exposure, and more.

The camera is waterproof down to 131 feet (40m). Other features include built-in Wi-Fi, Bluetooth, exposure settings for nighttime shooting, a “HiLight Tag” feature for marking key moments in footage, a QuikCapture feature for powering up and recording with one button press, and auto low light features.

Regarding the issue of backward compatibility, the Black and Silver will both be compatible with all GoPro mounts and accessories

On the video side, the Silver will be able to capture 4K at 15fps, 2.7K at 30fps, 1440p at 48fps, 1080p at 60fps, 960p at 100fps, and 720p at 120fps.

For still photography, the Silver will match the Black with 12 megapixel photos at 30 frames per second.

The other features (e.g. Wi-Fi, Bluetooth, HiLight Tag, QuikCapture, waterproofing) are pretty much the same as the HERO4 Black.

Petapixel

"The rumor mill is abuzz with speculation, but we have the first full scoop on the GoPro HERO4.

As many have reported, the two big features that are appearing are 4K video recording at 30FPS and a built-in touch display.

Unfortunately, these two features won’t be appearing in the same camera. Instead, there will be two models: the HERO4 Black (shown above) and the HERO4 Silver (shown below)."

Most of what Rambo already shared plus a couple of other nuggets:

http://petapixel.com/2014/09/25/gopro-hero4-revealed-4k-video-30fps-first-built-touch-display/

@Rambo....just going by what looks like the same source of information you're using. Confirmed ? ...by who exactly ? Unless you're a gopro spokesperson...it's all still rumor , although I certainly hope IS is true, as well as 720/240p. Appears the original rumors about the ambarella chip to me.

GoPro Inc on the stock market seem to approve, $81.73 per share as of today closing.

Image stabilization ? High framerates ? 24p ? When ? Here's an article -

http://gizmodo.com/gopro-hero-4-rumors-30-fps-4k-video-capture-and-touch-1639184775

and -

http://imgur.com/a/NRBOE

$549 available mid oct, lcd on camera, 720/240p and image stabilization...or that's what it says in the reddit thread !