I think the problem is so many people think that if you remind folks that you can get a great image out of a 8-bit camera, that means we are saying one is better than the other. Not the case. For me, I just wanted to remind people that in the end - a camera is a tool - and while the BMPCC has more DR and a better codec - the camera doesnt make the filmmaker. (And I'm speaking from as a filmmaker).
Personally, I feel like we can't get wrapped up in the gear envy consumerism that has increased expotentially over the last few years. I've worked with alot of gear and equipment that might have provided great features but at the sacrifice of other key options. For me, I'll wait and see what comes out of the Pocket Cam over the next year.
Everyone has their opinion. From my experience, Magic Lantern RAW is awesome. Produces beautiful clean image, but to really take advantage of it, you need to get the 5D Mark III. And the files are very large. Even for narrative short films like I do on a small scale - this would be highly expensive: hard-drives, CF cards, and the time to process such data on a massive scale. I'm an Executive Producer for a Discovery TV Show and to shoot in RAW at the amount of footage we capture during an 10 hour day would be rediculous. We'd have to have to expand our building to just accommodate the harddrive-farm.
Pocket Cam has a beautiful film-like image. And I'll probably end up purchasing one if it can stand the test of time. While it has a wider dynamic range and in a 10bit ProRes file - it comes at the cost of a lack of audio meters, a lack of a hot-shoe mount, a lack of anykind of weather resistant design, the lack of a full white-balance control, equipped with a viewscreen that reflects everything, equipped with a firmware that doesn't allow you to control your iris (without a ND filter), and riddled with SD card compatibility issues. Definitely not something I would want to buy on a run and gun shooting like I do for a living or even for narrative when every minute you are spending money on cast and crew. I'd like to know the tool that I use is going to work. Not randomly drop frames or not even read a card.
Additionally, I would hate to spend that 'easy' $1k and then Blackmagic devalue the product next year at NAB like they did with it's big-brother.
I'd also like to just say that everything you watch on the internet, either Vimeo, Netflix, Youtube, DVD, and most HDTV's are in 8-Bit.