Not a new Steadicam rig as such, but an additional system that attaches to existing Steadicam models such as the newly announced Zephyr. The Tango is designed for lightweight cameras up to 5lbs in weight and allows the operator to move the camera from floor level to 9ft with ease, as well as performing tilt and pan motions. Think of it as a Steadicam mounted jib.
Unlike the Alien Revolution from MK-V the Tango is purely mechanical. I have to say that I love Garrett Brown's take on this. Simply pure, efficient mechanics and physics.
Now, I have to stress that the Tango is only designed for very lightweight cameras such as the current crop of video capable DSLRs. Any more weight and things become very cumbersome and heavy since the weight is held far out from the operator. However with cameras becoming ever smaller and higher quality, and with devices such as the Polecam doing a roaring trade even with full HD productions, the Tango I am sure will have a huge market.
Price? Nothing has been announced yet, and I'm led to believe that currently it is still in late pre production form. But I'm looking forward to see what can be done with it.