Not sure if this belongs under the Still area or RED area but,

Jim Jannard confirmed on the Reduser BB a new product in development.

DSLR-killer... - Reduser.net (http://www.reduser.net/forum/showthread.php?t=18710)

just a brief blog here:

More details on RED's DSMC (Digital Still & Motion Camera) - Engadget HD (http://www.engadgethd.com/2008/09/10/more-details-on-reds-dsmc-digital-still-and-motion-camera/)

"Jannard casually mentioned that this piece would be more advanced than Nikon's D90 and an undisclosed 1080p DSLR from Canon"

ETA late 2009

preannouncing a year in advance seems like a good strategy to get potential d90 buyers to think again. the big camera companies can't preannounce this far in advance for fear of poaching sales of current models (of which red has none in the same category). probably also a good move to deal with the unsophisticated buyer's inevitable $1k vs. $16k comparison (what is a red one selling at these days?).