It seems like an odd price-point relative to the C500. How many people are ready to spend $15,000 on a camera but willing to sacrifice all the extra features from the one at $25,000?

Of course, I am ignoring the issue of a full-frame vs Super35mm sensor, but it does seem like offering the C500 in two configurations (Super35mm and full-frame) would have made more sense than the compromise here for $15,000.

But, there are still some things that interest me about it (though some very frustrating limitations as well).

Now, as for the good part:

• This camera should (if stills performance is any indication) have the best low-light performance of any 4k camera to date.
• It delivers 4:2:2 internally (which is what a lot of people asked for) without the need for more expensive media. (EDIT: At least for 4K, though frustratingly not for Full HD).
• It is the first 4k camera released outside RED that supports full-frame lens use. (EDIT: If the following link is accurate, it may be that there is a crop applied in 4K video mode but not in 1080P http://www.eoshd.com/content/7876/canon-cinema-1d-4k-dslr-officially-announced)

http://www.cinemaeos.usa.canon.com/products.php?type=Camera-1DC

EDIT:@leonbeas So you were right about Full HD. I should read more carefully - I did not notice that the additional information had been introduced in your new link. Mea culpa. http://www.usa.canon.com/cusa/about_canon?type=news&maxRowCount=10&fileURL=selected&dojo.preventCache=1334239879592&pageKeyCode=pressreldetail&docId=0901e02480533ee2#

I must say i will never ever in this life pay $15,000 for 4:2:0 8bits full HD to CF card, and uncompressed fullHD 4:2:2 8bits HDMI, without 4k uncompressed output. THIS IS ABSOLUTE MARKETING. NO GOOD CAMERA HERE, let alone all DSLR weeknesess.

http://www.usa.canon.com/cusa/about_canon?type=news&maxRowCount=10&fileURL=selected&dojo.preventCache=1334239879592&pageKeyCode=pressreldetail&docId=0901e02480533ee2#

I can work better with half that money, 4k is exaggerated unless you do some very professional stuff and if that is the case you wont use a 15k DSLR with 4k 8bit compressed you will use a 70K F65 or RED EPIC 12 bits 4:4:4 uncompressed 4k because professional means budget, so this does't worth the price, if someone already got 2k (fullhd scalled works perfectly) into big high quality movie theater you realize is more than enough.

Canon just get this out to try to be competitive and play the game but to be honest they aren't doing things right, this camera will have some months of live, then when Panasonic or Sony release some cheap and much better 4k camera this will be like a Canon XLHD that cost aroud $8000 and than sony and panasonic got z1 and panasonic got the p2 in the $5000 price range and Canon died until they came up with some cheap hdv.

Same History here wait and see

I hope the Canon worshipers are happy. The C300 price was already outrageous, now this is at another level. Now I can understand that for certain pro's this will be a good camera but what is terrible is that Canon just dishes their own customer. They have no respect for those guys that made them what they are now in the video large sensor camera market. They just rode on their back and gained a certain aura in this market, to just dish those guys. I don't see the 5d3 as a real successor to the 4 year 5d2 in video. So if they want to still use their lens etc on Canon they have no other alternative than invest $ 15 000k, perhaps it might be lower to lets say 12k about 4 times the price of the original 5d3.

It seems like an odd price point for this camera, close to RED territory. What surprises me is no focus assist, and probably no waveform monitoring .I guess Canon believe this will always be used with an external EVF or monitor with such trifles, and a full rig. The clean HDMI output is nice I guess, with full 4:2:2 -- but I think this large sensor size is going to keep focus pullers in full-time employment for a few more years, as every DP will keep trying to maintain insane DOF.

http://www.dpreview.com/news/2012/04/12/Canon-EOS-1D-C-4K-capable-DSLR

4k for 15k - NO-WAY!