I'd say that Red learned a lot with the Red One and I am sure they will be shipping a product on release that will be far superior to the Red One when it was released in terms of features, capability, bugs. But I do understand what you are saying.
As I said, it's a mentality difference. I'm sure Canon at the end of the day would prefer you bought a new camera with new features. This is very evident with all their products. They are designed to work as is, and what little fixes they do get are generally glaring bugs not feature additions. I don't feel this way with Red. I feel their goal is to improve technology and only make you pay for the parts that have improved while letting you retain the parts that are the same.
I too have always played the sell the old upgrade to the new mentality, but I definitely welcome that mentality going away. Canon is doing business as companies have done for a long time. At least with SLR technology, you can INVEST in a lens. But with camera bodies, in terms of investment, it's one of the worst (not including the investment in terms of work you can do with the camera, I just mean return on equipment). Is that important? For some yes. Especially if I am upgrading to the latest and greatest all the time.
To even take it a step further, what amazes me the most is that once I have my Scarlet Fixed, I only need to add the Scarlet S35 brain and Canon mount in the future and I can use all my accessories with both. Each brain has it's own strength which is awesome.
But Epic has answered every item on my (realistic) wishlist and the Epic-X package pretty much gives me everything I need - and will be suitable for virtually any need my clients are likely to need. While I may up to a 9K Epic at some point - it would be more because I can rather than a true need.
As for the underwater - 64GB CF cards and the low light capability of the M-X will mean we have a compact underwater system with phenomenal image quality.
I would think that when a row is being read, it reads out the whole thing in parallel for speed purposes. Is this not the case? Is it shifted out?
I'm really curious about stills mode framerates. I've never had any problem with 8fps on my DSLR, in fact 99.999% of the time (for me, I can't speak for full-time sports guys) 5fps would be plenty. But a little bit higher couldn't hurt!
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