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I thinks there's no doubt that the D50 is a good camera. I also think that the Rebel XT is a good camera too even though I personally think it has a couple of extremely annoying traits. (The grip is a bit small for me and the shortcut buttons are simply that, not true function buttons--that's a real deal killer for me.) Personally, I think that the Konica-Minolta 5D is the camera to have in the sub $1000 price range. KM has regularly demonstrated superior ergonomics and control access, and it appears that the 5D will be no exception. I have a 7D and chose it over the Canon 20D due to superior ergonomics and controls. That being said, Canon seems to have it in the highest image quality/lowest noise areas.
If you don't already own lenses of one manufacturer (I didn't, my last film camera was a Sigma SA9), then take the time to compare all three (and possibly the Pentax *IST-DS, but it is has some of the limitations of the original Rebel even though its ease of use is superb) of the cameras. If you already own lenses, then often the decision is made. Quality lenses are a big investment and not likely cast away.
In the end, all of the cameras (now that I think about it, the Olympus E-300 is also a player, but with a notch lower color quality) can take good photographs in the hands of someone who knows who to take good photographs. Most of all, have fun!
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