I am finding that Red is a lot more versatile than I originally thought it would be. The new audio board makes this even more the case. In this kind of economy, being versatile is a huge benefit.
As for Phantom Power, almost all professional cameras have an on/off switch. My only guess as to why Red has elected to automatically switch this off on powerdown is that it's not good practice to hook a condenser microphone to an already phantom powered input. Therefore, maybe what they are thinking is you'll hook up your mic before you turn on the camera and then you will go into the menu and turn on phantom power, which is the safe method for doing this. However, reality is that there will be times you'll want to change mics with camera still on or switch battery and use the same mic. So, it kind of gets back to the way most cameras act which is when it's switched on, it's up to you to properly hook up the microphones and follow phantom power procedures.