With Edius you can do an alwful lot of editing and effects before you need to render.
I love its chromakey feature....one click and the edges are razor sharp.

Oh uh
 

I'm comming from 16 mm Aaton and other fine stuff, all 16 mm. Used to change reels, used to record sound on a proper device, today dead easy. To get it sync they've done it with a dead stupid device, u write the reel and something on it, today a bit more pimped but still the best, it is sync...as a flashcard can be reformated maybe the 4 gb can be overcome. Magic Lantern is fantastic, yes. Full format chips are out, and format questions are no questions as it can be converted. I got a 5D to play with, awsome great, anything after edit on my system, I do write to a bluray, have seen discs gone, flashcards are great. Have to think but as nothing for me was ever out and Red , oh, waiting<
Converting industry camera heads is no way as there is a total lack of workflow.
Yes I can wait for the real affordable camera with a full frame chip, but, I' ll try out 7D next month and It could be a love affair......... mac and linux I do love them too