Again Dave, you’re talking about something you don’t know anything about (while throwing around words like ‘fool’ and ‘sucker’ around unnecessarily, I might add). The 7D changed the body style dramatically over the 5D. I’ve got quick access to all the iris settings, shutter settings, ISO settings, and surprise, it handles low light like a champ. After setting up qmaster to handle all my cores, the conversion process from h264 to prores is fairly painless via compressor.
If I had taken whatever canon handed me, I would have picked up a 5D last year. I waited for the 7D, specifically because of the 30p/frame rate issues that have been mentioned previously in this thread. This camera is excellent for commercial and promo image shoots – without the large size and light loss I experience with my HVX200/Letus Extreme.
Does H264 suck for video editing? Of course it does. That’s why we have compressor. HD video from DSLR’s is a new tool and it requires a new mindset to using it.
Before you criticize, I suggest you grab yourself a 7D, throw a nice 50mm L lens on it, and take it into the field at night during a live shot at a crime scene (or some other dramatic type background), and just shoot b-roll, with no lights (and if you want to go handheld, try a steadytracker extreme or something like that). Then lets see how long you last not using not using that footage in your next image spot.
Of course Canon has great ‘video’ cameras. Those are completely different beasts. There’s a sacrifice to size, and that’s a reduction in features. A benefit is, you don’t have to set up a 100k shoot to get cinematic style HD video. Until you’ve worked with it, I suggest you refrain from such heavy criticism. You’re making the crow you might have to eat later unnecessarily large.