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This is a pretty interesting upstart company doing something quite ambitious. If you have a digital SLR still camera have you ever wondered why that couldn't be somehow turned into a video camera? Imagine the quality?
Well that is what Red Digital Cinema is doing with the Red One. Large single CMOS chip camera with up to 4k resolution! Natively progressive with frame rates up to 30p at 4k, 60p at 3k, and 75p at 2k. All other resolutions are derived from those frame sizes.
The camera actually records RAW data which is compressed using a perceptually lossless format to either hard drive or Flash media. Since it's RAW it's 4:4:4 RGB when it is "developed" during post, same as a still camera. The compression to RAW is wavelet based so virtual proxy files can be viewed in the field using a laptop. Pulling from the original files. Great thing about RAW is the camera operator only has to worry about focus, exposure, and depth of field.
Of course this is way out of the consumer price range at $17k for the body only but I have a feeling this is the beginning of some technology that will eventually trickle down to the prosumer price level.
I thought it to be an interesting development in the world of digital video.