IronFilm

Yep but I don't care. Function over form every day of the week. 
'Filmaking' has become all about the pose factor recently. 
If the way a camera looks deters you buying it tge your priorities are wrong and I'd question your ability too. 

It basically seems like Sony has been holding out on PDAF for Panasonic cameras for years and they are finally letting them license PDAF on a sensor that is older and that Sony will probably never use again - so why not milk it for some more money since Panasonic's only big gripe against it is the bad AF?
To be fair, that sensor is gorgeous on Panasonic cameras (not so much Sony's), and the S1H still has the best 24fps IQ of any mirrorless camera out there. 
IF Panasonic can dramatically improve the HDMI latency (full-sized, yay!), add internal ProRes, and the AF is as reliable as some of the competition, The S5 II will be very tempting - especially around $2000-2200... It's basically an S1H but much smaller, cheaper, better codec (ProRes), and much better AF (ostensibly). And when you look at it that way, sounds pretty sweet to me.
--
I am curious what they are going to do with the S2H (or S1H II) though, as that camera will have to feature 120fps 4k, no crop, probably 8k, internal ProRes, and so many other video goodies. It almost seems like they should just make a BS2H and soup-it up to the max and go all out on video and then the S5 II can be their hybrid. 
 
 

Nothing.
Except if you are a hybrid shooter like me with a prime and flipping between stills and video all day long!
That 28mm…well the framing was great for those stills, but then I flipped to video and it’s more like 42mm and I can’t back up to match as I was already backed up to the wall!
”So just shoot FF or APSC!”
Well I could but I like what I get from my Lumix cameras so I work around it by having cameras and lenses dedicated to certain things at certain times.
It is a workaround but one I can live with if I have to and for most of the video side, I actually use a 28-70mm f2.8 to which I have just added a 16-28 giving me options more like 24-42mm and 42-105mm and I tend to use the wider angle as my indoor lens and switch to the longer zoom as my outdoor.
I then only use the extreme ends (as if they were twin primes) so indoor I shoot 24 and 42 and outdoor 42 and 105 which as with any focal lengths you become used to, gives you a ‘look’ that you just know how to work with.
I have the above set up with the S5 dedicated to indoor (and gimbal outdoor) and the S1H outdoor.
This is possibly where I might just trade both cams for one single S5ii and keep my S1R’s…
 

That
is an unambiguous and obvious clue to what we all been waiting for the past 5 years! Hurray comrades! 

Ha!  I ain't gonna lie.  
I bought a GX7 back in the day because it was silver and looked like a rangefinder.  The specs matched most other cams in that range, so what it looked like was the thumb on the scale for me.  Funnily enough, that damn thing had the best out-of-the-box-IQ of any LUMIX camera I owned before or since.
Then I lost it.  [Sad face]

New year New Phase: 4th january
 
 

I'm not trying to beat a dead horse here but what's wrong with 4K@60p being APSC?
Full of S35 cinema camera out there.

https://www.l-rumors.com/fully-leaked-s5ii-s5iix-and-14-28mm-specs/

Looks like that the X have ProRes and IP streaming functions. Still, strange to have a specific model just for that.

Personally I think the Panasonics are some of the best looking cameras out there but it’s not important.
What’s important for me is that the evf and the af are top notch and that the af works flawlessly with Sigma lenses as well. I’ll even forgive a 4k 50p crop if they’ve got the rest right.

Looks matter I think, to a degree, in regard to overall ownership and enjoyment, but to me are one of the lowest considerations.
If a camera was say round pink plastic and had the word BARBIE on it, yes, I might deduct points, but the difference between one black box and another is marginal.
There are some very sleek designs out though such as Hassie X2D and I love the film Contax G2.
By comparison, the Panasonics are arguably 'a bit dull' as are many of the Sony's but I actually love the look and form factor of their FX3/30.
 

Seriously?
Who the hell cares and why. It's a tool, if its nice to use and produces great images, what does looks matter?

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):