IronFilm

Looks like S5mk2 is the very easy answer for OP's answer!
Except they want it secondhand...  well, coin flip then in getting either the Panasonic S5mk1 or Nikon Z6

Theoretically a person could have a custom V-log to S-log LUT in their S5mk2 camera and be able to smoothly shoot alongside Sony cameras as well? Hmmm
Could (kinda... half way) "fix" one of the other big negatives about the Panasonic cameras: "it is not Sony". 
As Sony is the dominant player in the pro market for anything low to mid budget (i.e. "not ARRI"). So very frequently you'll see a Sony Camera Op being requested, so that they smoothly integrate in with their existing workflow. 

Damn! That's an amazing bargain. 
Guess the Nikon equivalent would be a D700 or maybe a D600. 
Kinda want to get one myself. But nah, I'll just wait a few more years until a D750 or D500 hits that price instead! 😉 If they just drop another 50% or 75% then it will be possible. 

Blacked out LUMIX logo a la Leica SL2.
I like that.
I used a black sharpie on mine just to make them more subtle 😁

https://drive.google.com/file/d/1Fth2fgJZVCivr61XP4oW4bf4e-0fku9I/view
 
DC-S5M2
24.2 megapixel CMOS sensor
AR coating
Sensor shift type dust extraction unit
14+ stops in V-log
JPEG / RAW / MOV / MP4
H.264 / H.265
6K 30p 200Mbps LGOP
3.68M dots OLED viewfinder 0.78x 120fps
Free-angle monitor 3.0", 1.84M dots
Image phase detection AF / Contrast AF
DFD Technology
AF -6EV - 18EV
ISO 100-51200
Extended ISO 50-204800
Dual Native
Normal ISO 100/640
V-Log ISO 640/4000
HLG 400/2500
Mechanical shutter 1/8000 - 60 sec.
Electronic shutter 1/8000 - 60 sec.
Continuous shooting speed
Mechanical: max. 9 frames sec.
Electronic SH 30fps H 9fps
USB-C 3.2 Gen 2
HDMI A
3.5mm microphone Headphone
SD Card Dual Slot
5GHz Wi-Fi
Bluetooth 5.0
2200mAh battery
Battery grip DMW-BGS5
Dustproof and drip-proof
Size 134 x 102 x 90 mm
Weight 740g
DC-S5M2X
Full-size sensor with 24.2 effective megapixels
6K30P video (full size)/4K60P video (APS-C size)
Supports Apple ProRes recording
IP streaming function support (Wi-Fi, USB, wired LAN)
LUMIX S 14-28mm F4-5.6 MACRO
Lens construction: 14 elements in 10 groups (1 aspherical ED lens, 1 aspherical lens, 3 ED lenses, 1 UHR lens)
Minimum focusing distance：0.15m
Maximum magnification: 0.5x (at 28mm)/0.25x (at 14mm)
Filter size: 77mm
Size：φ84 x 89.8mm
Weight: 345g
Dustproof, drip-proof, and low-temperature resistant specifications
 
 

Here we are...
 
 

We may know by the end of this week as more leaks come out. 
 

The other big problem for Panasonic is there no upwards path to progress with the L Mount. 
Desperately there is an EVA2 with an L Mount that is needed! (so very sad that a EVA1 MFT never happened 😕 ) 

Seems the cinema camera division at Panasonic has been gutted, so I guess an EVA2 (of any sorts) won't be happening? 
If a future EVA1 sequel will never happen, and the LUMIX team have to step up to the plate, then perhaps a "Panasonic BS2H" is what is needed?? (an updated BS1H!)
Apparently the boss of the cinema division now works in the LUMIX division, and I'd say that is very very very good news indeed! Gives me hope for a future "Panasonic BS2H"
This BS2H could have dual SDI outputs (with zero delay, and independent), plus internal NDs, and that would make everyone very very happy. (plus of course keep everything good about the BS1H, and bring over all the goodness of the S5mk2)

Matt from Newsshooter seems extremely confident the S1Hmk2 won't be coming out this year. (or unlikely to even happen next year) 
 

Well looks like DP Review and Ted Forbes also in Japan and in the end of year predictions for next year, the only major camera body brand not discussed… Panasonic.
NDA in place so you can hardly speculate when you already know what’s coming can you?!
Another sign IMO there is at least one FF camera coming soon.
I could be reading that wrong, but don’t think so.
 

Just a guy, reading the same rumour sites as everyone else, but then decides to make a video about it with catchy thumbnail (expressive face, bold colours) and suppressing a healthy dose of scepsis, hoping to gain some traffic. He's not the only one using that technique.

#1 wish: give us zero delay SDI output!! (they can go with DIN instead of BNC if they need to save space, no big deal, one of my old Atomos monitors already uses DIN instead of BNC)
  
Oh snap! We posted this at exactly the same time. 

Panasonic (or at least their partner: Sigma) need to play this same game. 
Bring out an absurdly cheap couple of lenses. 
Don't care what they are, just make them cheap and preferably more than one. 
Could be a 40mm f4 pancake for $199. 
Could be a 35mm to 105mm variable f-stop zoom for $250
Could be a 50mm f2 for $199
Could be a 35mm f2.8 for $299
Whatever, just make a couple of them asap! To draw people into their L Mount ecosystem.
As they have to play the same game the other companies are playing. Nikon/Canon/Sony/Fujifilm/Pentax all do this. (yes, even Pentax!)
Pentax 50mm f1.8 = $97
Pentax 35mm f/2.4 = $117
Canon EF 50mm f/1.8 = $125
Canon EF-S 24mm f/2.8 STM Lens = $129
Nikon 50mm f/1.8D = $132
Nikon DX 35mm f/1.8G = $180
Pentax 40mm f/2.8 (it's an amazing pancake lens!!!) = $230
Nikon DX Macro Lens 40mm f/2.8G = $280
Nikon 28mm f/2.8D = $287
Canon RF 50mm f/1.8 = $149 
Canon EF-M 22mm f/2 = $179
Fujifilm 35mm f/2 = $199
Sony FE 50mm f/1.8 = $248
Sony E 16mm f/2.8 (pancake!) = $248
Canon RF 16mm f/2.8 = $249
Nikon Z 40mm f/2 = $277
Nikon Z 28mm f/2.8 = $277
They need to do the same too for camera bodies, how else can they compete with the gateway drugs of: Nikon Z5, Canon EOS RP, Sony a7C / a7mk3 ?? Let alone the other gateway drugs they all have of APS-C cameras for dirt dirt cheap: Nikon Z30, Canon R10, Sony a6x00
Because as fantastically great as Panasonic MFT cameras are, they're unfortunately not a smooth pathway into the L Mount Ecosystem. 
Am glad to hear that Panasonic will keep around the S5mk1, as that's a smart move. 
Because as I'll say over and over again, Panasonic (and Sigma & Lecia) **NEED** a gateway drug (camera) into the L Mount system.
Sony does this by keeping around their older a7mk3 (and even a7mk2!!) at cheaper prices.
If Panasonic had the S5mk1 available for US$1.7K , then dropping down in the second half of this year to US$1.5K, then the S5 would do well at serving that critical niche point. (and just keep on dropping it down by another $100 each year, until five years from now it's being sold for US$1.1K brand new)

Yes, he's back! 😃

been aaaagggeeesssss since the last upload
 
oh wait, he had one from just two months ago that I missed (which was removed, then added):
 

#1 wish: give us zero delay SDI output!! (they can go with DIN instead of BNC if they need to save space, no big deal, one of my old Atomos monitors already uses DIN instead of BNC)
  
Oh snap! We posted this at exactly the same time. 

Are you normalizing for DoF? No, you're not. 
Are you considering which has the more practical second ISO?
Mainly only if you really want that EVF and/or mechanical shutter? Plus backeting / bursts / etc
If so, pick up a second body (the Sony a6000) for your stills for dirt dirt cheap? Depends on what type of photography you're doing, and how seriously. (casual family photographs? The FX30 is "fine". Hard core serious sports photography? Don't even get any Sony! Grab a cheap secondhand Nikon D500 with a Nikon 200-500mm lens, and say the Sigma 50-150mm as your secondary lens for when the action is closer to you. Or just get a Nikon 55-300mm for dirt cheap as your only lens if you don't need more reach than 200mm and shooting outdoors with lots of light)
Seems like it!! 
A pity Panasonic screwed up and forgot Timecode, like the S1/S1H/GH5S/GH6 all have!
Honestly (in my very biased opinion), I'd rather that as an even bigger issue with the S5 mk1 than its AF. 
  
The FX30 beats the a7Smk3 for TC/audio/features/UI as a better camera for video work, cheaper too. 
 

Me also. With compact Sigma 28-70mm f2.8

Well, now I think going Pana S5m2 would be a very viable option, hehe 😁 If you dont mind the lenses ofc.

New video from jinny tech
 
did cineform patent its algorithm?
 
 

I can chime in with the Z6 as one who has been using it for video since 2020. With an external recorder and shooting NLOG the quality is quite excellent. I believe it will hold up against the s5. S5 probably looks slightly more filmic and has more DR but honestly the z6 is plenty, still has excellent DR and good highlight rolloff. Grading in Davinci Resolve is great, but use the Davinci Resolve CST instead of the NLOG 3D LUT.  
 
The setup is heavy, bulky, and not great ergonomically with the Z6 and Atomos Ninja V. But the Ninja V brings great assist tools, and the 4k 10 bit PRORES looks fantastic. Weigh your options carefully, as I don’t love the internal footage so to make the most you will need to rig up an external recorder each time you want 10 bit and LOG. Rigging up can be a major pain as it means extra steps whenever you want a really good image out of the camera.  It also means more batteries to worry about  
 
If you can get your hands on a cheap Atomos Ninja Star, this provides a way to keep the setup smaller while maintaining 10 bit. You are limited to 1080p 24p or 30p, but the Z6 can output a downsampled 1080p signal using oversampling, so detail is quite good. I find the footage holds up well especially if you are delivering online, and I prefer the downsampled image any day of the week compared to the internal 8 bit 4k recording. 
 
The only real benefits over the S5 are phase detection autofocus that is quite usuable in video mode, as well as mini HDMI instead of micro HDMI. The main benefits over the XT4 are again a slightly larger HDMI port and the various advantages full frame bring to the table, such as better lowlight. Dynamic range in NLOG is probably slightly more than the XT4 in FLOG. But I honestly think outside of high ISO performance the XT4 internal 10 bit 4k will hold its own against the Nikon Z6’s external 4k. And you can get fast lenses to get similar DOF on the XT4. 
 
The Z6 is underrated for video, as used when paired with either the Ninja Star or Ninja V makes it the cheapest full frame 10 bit camera with phase detect AF. That being said you really need to decide if you are fine using external recorders for your video, or if you value a great image internally. I would seriously consider the XT4 due to that benefit. And if you can accept reduced autofocus performance or just shoot manual, get the S5 and call it a day. 

The X-T4 has IBIS, but it's not very good. If you decide to go that route I'd honestly probably just get the X-T3 since there wasn't much different between the two outside of that.
I'm biased, but I'd go with the S5. I prefer the look of the video out of the three, and it takes very good photos too.

I have a Ninja V that sees almost no use. The BMMCC would at least give it some life. 😂 Given the need to rig the camera a bit because of the battery, it really doesn’t matter much beyond that to me since the Ninja on a top handle isn’t cumbersome with other rig bits. Still kicking myself for a missed auction back in fall 2021 that closed under $500 with a couple m43 lenses, full cage setup and a ton of accessories. A perfect starter kit. Grrr. 
cheers
chris

Well I just bought a 5D mkii, with a view to getting another, to relaunch myself into the wedding stills trade this year. Fairly impressed so far...

Not that they are taking note, but to me the biggest improvement needed that I can't believe is still an issue is the HDMI delay. As long as the latency is this high it will never be able to be used in a professional setting. Both pulling focus and just monitoring in general is so much worse because of it. 

I think your biggest challenge with the Micro would be finding SD cards that work. There are a few; the cheap Kingston ones have worked for many people but mine only lasted a year; I then spent the big bucks on two Angelbird 128 gig cards and those have been rock-solid reliable so far. I also have a stash of the original Sandisk cards that were approved for this camera but there's always the worry of what to do when cards start to fail. At that point I'd switch to an external monitor/recorder and just shoot ProRes.