I've seen a lot of these vs. vs. posts but this one is slightly different. It's time for my first DSLR and the budget is £500. For that price, (after shopping around), I can get:
a.) Nikon D50 with 18-55mm Lens - £397
b.) Canon EOS-400D with 18-55 Lens - £499
c.) Nikon D70s with 18-55mm Lens - £499
My thoughts are the 400D offers a lot better value for money. Everyone mentions the D80 but that's way out of my price range and I can't afford it. The D50 has good reviews but it's quite old hat now (and the D40 is very crippled), the D70s has conservative colour/sharpness judgments and the EOS-400D is small.
This is a long term investment so I want to get the right brand because I'll be getting one or two lenses hopefully

. I'm not looking at non-Nikon/Canon brands because I bought a Konica Minolta not long ago and was burned when they left the market so I'm sticking to the main two.
I'm slightly inclined towards Nikon brand wise because I've got a F and F50 film wise but the Canon seems a slightly more professional camera and more modern. The D50 felt very nice to hold (comfortable) but such a small screen!
Any help/suggestions/advice is all welcome and well done on such a great site! I enjoyed the side by side reviews but they all point to the D80 which isn't much help
I posted on the Nikon forum since two of the ideas are Nikon but I'm hoping for some Canon people throwing in their view too!
Seb