Despite marketing claims, thermal cameras remain too expensive for most of the commercial market. Only one company is really pushing hard to change that, DRS Technologies, a relatively unknown. They are aggressively pushing low prices with their WatchMaster IP Elite, an IP thermal camera priced below even many analog competitors. Now they are breaking price barriers for pan/tilt thermal cameras, as well, with the WatchMaster IP Ultra [link no longer available]. In this note, we look at the featureset of this new model and compare to pan/tilt models from incumbent vendors FLIR and Axis.