Canon 7D Mark II as Low-End Full Frame Camera? 70D Coming as APS-C Flagship?

After the leaky Nikon D600 made its recent waves, rumors of the next generation of the Canon 7D emerged as its potential as a full-frame shooter on the lower end of Canon’s arsenal.
Additional rumors suggest that a Canon 70D would serve as a replacement for both the existing 60D and 7D APS-C models – thus making the 70D the top tier APS-C camera from Canon.
No other specs seem to have emerged in the rumor mill thus far.  Both cameras are rumored for an announcement around Photokina 2012 in September.
[via Canon Watch]