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Why not more? It's using what looks like a Monstro sensor variant (whose development costs are already paid off) with maybe double the readout channels and probably updated ADC and lower noise pipeline.
I literally can't get into specifics until I do my measured tests because I don't know hard numbers yet.
But I don't think you have a grasp on how sensor development works. This is the same sensor size and pixel pitch as Monstro, just like Dragon before it. But this is a wildly different sensor technology. I'm a big advocate actually the 5 micron pixel pitch for very film related reasons, something within 4-6 microns is rather ideal actually. There's clearly a reason RED is building on that and I suspect they have similar conclusion on that front. But critically there's some rather glaring differences between Monstro and the V-Raptor footage. Take a look at those TIFs I posted. They don't exactly look like anything RED has made before even when you get down to it.
I think that's going to be the talking point among discerning professionals during this release a whole bunch. I'm already having those conversations and it's a weird world we are in currently regarding that. I can make a Monstro sing beautiful music. But this is a new flagship sensor and it shows across in the image in a variety of ways even from mere moments with it. If it pans out that sensor is topping one the best sensors at the moment, that's news in this industry already. Prior to V-Raptor's release depending on who you talk to the best sensor is RED Monstro, Alexa LF, and Sony Venice. I enjoy the beer mug conversations regarding all that, most barely have done tests to derive their conclusions, which is fine. The cameras themselse and workflow play a big roll as well as the rental world. There's also a big difference between rental and owning those systems in how that pans out. One of the numerous reasons to test. I know all of those sensors grossly intimately as well as their strengths and weaknesses.
This clean with a new OLFP/CSF at 8K 120 in this format size in an actual RAW camera is very interesting. The noise floor is the very first thing I saw was different here and it's also having an impact on color response for the better, but this is the stuff I need to dive into.
I need to see what this thing does at 1600 and 3200 real bad.
I personally think Dual ISO is a 2010s thing, but it will obviously be around for a while. Far more interesting things to do with a sensor than that. A case example is Monstro has more dynamic range and is cleaner than Gemini, impressive considering the pixel size/well difference, but that makes sense in the camera lineup.
As for XL. Base price of $24.5K for V-Raptor. There's clearly accessories coming that get it closer to an XL, have no clue on the price of those. The body itself has more features. Thinking that lands between a $15-25K premium without knowing a damn thing beyond the drawings on the XL. Really impossible to land a real estimate. V-Raptor is already lower than I would have suspected.