In addition to working on Effects and Motion Graphics, I am a Camera Assistant out here in LA. I recently worked on a shoot with RED's new camera, the Epic. It's still in testing so there were a lot of limitations, but there were some interesting new features. First, it shoots 5K and can even shoot at 120fps at 5k 2.4:1. It's smaller and lighter then the RED One and looks like an oversized DSLR, which could be good or bad depending on who you are.
A big improvement I saw is that the Epic shoots onto solid state drives. This means the chance of dropped frames is extremely low.
Another interesting feature is that the new LCD's are touch screen. Kind of neat, but I found myself accidentally changing settings when moving the screen. So it could be a time saver or a big hassle.
And the last feature, and probably the best thing about it compared to the RED One is that is starts up and is ready to shoot in about 5 seconds. I huge improvement over the shoot stopping 60 - 90 second start up time for the RED One. It's got some other features like HDRx that I did not have time to play around with.
With all these new cameras coming out, who knows what kind of impact the Epic will have on the industry. We'll have to wait and see.