It's the beginning of a whole line of large sensor video cameras, but it's not a competitor to the 7D or 5D yet, unless they fixed the moire issues that the Canon's have... and even then, here's some downfall's: The 3" screen, tilting or not, is almost useless except for composition, because you need a larger screen and/or extreme magnification like the 7D to focus. I have that same LCD on my Sony Z7U, and it's very difficult to focus without a monitor. The AVCHD format is limited to 24mbps, about the same as HDV, whereas the Canon produces twice that much at almost 50mbps. The minimum fstop on the included lens is 3.5 wide open up to f6.3. That's nowhere near as fast as Canon primes, and for those looking for low light and narrow depth of field, it defeats the purpose. As for production sound, the audio is not much better than the Canon's, because you only have a stereo mini input, not balanced XLR's. For professional audio, you still need double system sound. However, I am excited about the world of large sensor video cameras. My only comment is, what have they been waiting for?..... it's all about marketing of course, and we are the guinea pigs!
There's no doubt folskare doing amazing things with the 5d/7d et al, but don't count this new breed of videocamera out. As I understand it, the AVCHD codec is much more efficient than the mp4 codec being used in the 5D/7D. I'm sure we'll have to wait until some comparisons are done, but I think the 25mbps bitrate avchd will stand up well to the 50mbps mp4 footage from the d-slrs.
I don't think it's fair to point out the limited aperture range of the kit lens. Fast super zoom lenses cost lots of money (usually more than $2000). The whole point of this new camera is that you can mount *other* lenses on it. Also, since the distance from sensor to lens mount is so shallow, it's conceivable playV2('en/US/df/dfdgskskdsdodns7dtdrsdslh7h3');playV2('en/UK/df/dfdgskskdsdodns7dtdrsdslh7h3')
(given the right adapter) you could mount almost anything on it.
Audio is *much* better than on the 5d/7d. The built in quad mics can do stereo or 5.1, and in theory the camera will record sillently so on-camera audio should be decent (sans handling noise). The capsules are also much larger than the pinhole mics on d-slrs and should sound really good. Sure the audio inputs aren't balanced, but this is a $2,000 rig. Throw a beachtek on it and everyone is happy.
Finally, the most important part, is that this camera will "handle" much better for video. Using a 5d/7d without a 3rd party mounting system for real video work is pretty cumbersome. I don't think the same will be true for the vg10.
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