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Mr. Blah

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  1.   No, no, haha -- those are just joke/stress test menu items. The raw mode is under the Movie tab in the Magic Lantern menu. Andrew posted a picture of it a while back:   Remember: you need to have downloaded the experimental work-in-progress alpha build to use the raw functionality. If you just get the regular Magic Lantern stable release version, then the option to shoot raw won't be there.
  2.   Just judging purely from the knowledge that the 5D Mk. III's raw files are on par with the GH2 in sharpness, I'd venture to guess that yes, you'd probably get an image about as good as the regular H.264 compressed one, and with all the other advantages of the raw. That's for 720p, of course. I wouldn't necessarily expect the same from 960x480, no matter how sharp it is.   To answer your question about the codec, I'd say "no". The raw footage recorded from these cameras right now is not in a codec of any kind; the video is in a completely uncompressed, unprocessed ".RAW" file for
  3. Luke Neumann commented on the Nofilmschool article that he thinks there's roughly two stops more exposure latitude possible with the DNG files. Crazy stuff.
  4. I'd hesitate to jump to the conclusion that Canon intentionally cut this functionality out of the camera in order to protect their business. First, this functionality comes from grabbing frames from the Live View display buffer instead of the regular video mode, hence the odd 1.43:1 aspect ratio and resolution (side note: Andrew might like that for anamorphic work). Secondly, and perhaps most importantly to the matter of intent, this was found on the 5D Mk. II, Canon's first video-capable DSLR. Canon wasn't, at that time, expecting to completely flip the indie video market on its head -- they
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