I was fortunate enough to hear about RED pre-release of RED One. I see the company as one of those consumer funded projects. Almost a mash-up. So I am not surprised to hear about reliability issues and the need for backups by some folks in this thread. It's not a Sony. But as another poster reports it was a first mover in very high resolution video capture at industry standard frame rates at several resolutions. This is what caught my attention. It appears the folks who do work on higher budget productions felt it worthwhile to invest in considerable RED products to develop a newer lower cost, more flexible, more real-time work flow. Some of the objects in that flow have had growing pains and we have seen several upgrades and bug fixes in RED products, but because of the nature of the company and how the product was capitalized, by customer funded development, most of the warts have been very public.
What got my attention in particular was the very extra large resolution camera they no longer push on the website. They have uses in science and other high value uses.
The 4k and 5k stuff is almost commoner stuff with the digital work flow software available from about 5 vendors, the interface equipment for video, audio, monitor and direction feedback available at prices as low as $1000!
So you can buy a turn-key movie making system end to end now for about $75k. That's down from over $300k about 5 years ago. That's why most folks rent.
But the Cameron's of the world buying cameras 40 at a time is what capitalizes bleeding edge products like Red and Aja and others.
Based on the trends we see right now I would not be surprised to see 4K come all the way down to iPhone 6.
The capture and display of material is the easy part. The art is in the rest of the production. The editing, lighting, lenses, sets, acting, whatever. That will always be value added. Storytelling will always be the thing. The tools you use to get there will continue to get more accessable and easier to integrate. Good thing too. 500 channels and nothing to watch!
Rocketman