Final Cut Studio 2 supports RED camera!
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Pretty interesting news today - apparently Apple's Final Cut Studio has been working with Jim Jannard and the RED guys on a new CODEC that will let RED footage play nice with FCP editing.
It will provide very close to the quality of uncompressed HD video at less than 20% the disk space, which certainly looks very good for the RED camera and its competitors.
The RED camera has been developed a bit slower than its creator anticipated, but it looks like it will be only slightly, not catastrophically, late.
I'm looking forward to more news of this exciting camera!