The upgrade on the original Ultra will mean aside from the high def filming, you'll also get 8GB of on-board storage for up to 120 minutes of 720p video at 30fps (up from 60 minutes previously).
Other specs you can expect are a 2-inch non-glare screen, rechargeable battery pack (although it also supports standard AAs), and an HDMI output to watch your high def masterpieces on your HDTV.
Flip is telling us we'll be able to pick up the Flip Ultra HD in the first week of July, but hasn't confirmed any prices as yet.
Keep it locked to Stuff.tv for new on pricing when we get it, as well as a full review shortly. Check out what we thought to the original Ultra in our full review.