Exactly. The cameras are pretty similar (aside from a few small things here and there), the main thing is to decide how the camera feels in your hand. I went for the Digital Rebel XT for this reason, since the D50 was too heavy/big for my tastes (I did prefer the Nikon system though).
You can compare the two at dpreview.com, to see exactly what the differences are. The rebate on the Canon has passed, so I'm not sure what the difference in price is anymore.