Django

I guarantee you this will have substantial Sony cripple hammer. It's a ZV series aimed at Vloggers.
So what crippling to expect? No EVF, no IBIS, no fan, no 10-bit, no S-Log, no dual card slot. 
There is simply no way Sony is releasing an A7S3/FX3 in a A7C body for $2500. 

People. I live in Paris, France. I do event, docu, run & gun, fashion, art, music etc.
While I shoot professionally with Sony/Canon.. I'm looking to go back to Fuji for more artistic, nostalgic projects.
Would also double up for street photography, travel and social media content. Basically sort of a lifestyle cam.
I'm kind of obsessed with 3:2 aspect ratio at the moment. Also I'd probably use the film simulations quite a bit.

I'm not recommending him anything in particular, we're just talking shop and comparing cameras. 
There are enthusiasts with high budgets and also high expectations. There are pros that are very budget conscious and don't place priority on specs. There are Canon fans, Panasonic fans, Sony fans. FF fans, S35 fans, MFT fans. Etc.  I don't know who is who when on gear forums, I can only give you my perspective. 

Most Alpha Sony shooters are FF at this point. Sony kind of abandoned APS-C even on the FX line. Its only now making a return mainly thanks to FX30 and some new APS-C lenses. But with speed boosters its actually kinda more versatile than FX3/A7S3 which cannot shoot Super35 crop modes due to 12MP sensor. 
No EVF and no mechanical shutter does mean its not a great hybrid and Sony for some silly reason doesn't give FX3/30 shutter angle or WFM. And no DCI options either. Still as Ironfilm says its the ideal side-kick to a FS/FX camera (has TC) and a great compact video option for the Sony ecosystem. 
I'd have already bought one if it wasn't for XH2S. Stacked sensor, 6K Opengate & ProRes is just so hard to overlook. Plus with EVF and solid stills performance. It ticks so many boxes. But the Fuji look is an acquired taste and won't play friendly with most production houses. Its pretty much relegated to indie or standalone shooting. Resolve doesn't even support F-Log2 yet for an ACES workflow. And yet despite all those rational reasons to avoid Fuji and stick with Sony, I'm still VERY tempted by XH2S.

I'm not recommending him anything in particular, we're just talking shop and comparing cameras. 
There are enthusiasts with high budgets and also high expectations. There are pros that are very budget conscious and don't place priority on specs. There are Canon fans, Panasonic fans, Sony fans. FF fans, S35 fans, MFT fans. Etc.  I don't know who is who when on gear forums, I can only give you my perspective. 

I guarantee you this will have substantial Sony cripple hammer. It's a ZV series aimed at Vloggers.
So what crippling to expect? No EVF, no IBIS, no fan, no 10-bit, no S-Log, no dual card slot. 
There is simply no way Sony is releasing an A7S3/FX3 in a A7C body for $2500. 

I'm not recommending him anything in particular, we're just talking shop and comparing cameras. 
There are enthusiasts with high budgets and also high expectations. There are pros that are very budget conscious and don't place priority on specs. There are Canon fans, Panasonic fans, Sony fans. FF fans, S35 fans, MFT fans. Etc.  I don't know who is who when on gear forums, I can only give you my perspective. 

I dunno sorry but that's a really goofy way of looking at things, especially if you're a pro. Buy the best camera you can afford that fits your requirements wether that's specs (resolution, codecs etc) or i/o's ergonomics etc. Obviously be smart and on the lookout for what camera will be a better long term investment rather than short if the camera is at the end of a cycle.
The FX3 is imo a much better investment and solution than the A7IV. First it doesn't overheat. That alone is key. Then you have all the cine features including LUT support. The fast readout sensor, A7IV has terrible RS. And of course the cage-less body and top handle with XLRs. If you're on a budget or don't need FF then the FX30 makes even better sense. 
S5ii is also very competitive. Why wait a year or two if you need the camera today?
Don't get me wrong, I don't buy cameras often at all, in fact much less than your average person around here. When I find a camera I'm comfortable with I stick with it forever. And I rarely go for flagships when they are new (I skipped R5, A7S3). 
But there are plenty of excellent options in the $2K-$3K region right now both new and used if you're in the market for an upgrade. So many in fact that it is hard to choose!

The chroma smoothing thing is real but overblown imo. Its a pixel peeper thing, in real life scenarios it rarely matters.
Skin tones when shot properly are amazing. The 4K120p is amazing. Better than the class leading A7SIII.
Here is some XH2S 4K120p footage shot in 8-bit 264 standard baked profile: 
Yes the image is sharp but hard to beat such a clean rich detailed 4K120p with no moiré. Any other Bayer sensor camera and that fabric would be moiré artifacting like crazy. And that's in the lowest 8-bit setting..
Its easy to pick apart issues but you also got to know how to play cameras to their advantages.
I prefer softening a sharp detailed image then the reverse. Just pop on a vintage / cine lens and something like a Pro-Mist filter and you'll already get a much softer image.. add some film grading, halation etc on the very chunky robust ProRes codec and you've got yourself a very cinematic image with film like grain:
 

For the moment, I have found peace with x-h2s color smoothing. If you shoot Prores 422 or HQ in 6.2K standard film simulation, you will get color detail that is at the border to what the sensor is able to deliver. There is smoothing, but less smoothing would soon tend to unpleasant color noise. I saw that also in comparison with my G85 4K, which seemed richer than fujifilm 4K, but having a closer look also revealed "false richness" by delivering color where there is none.
Regarding 4K and if you don't want prores blow your memory card, shoot h265 longGop ~200Mbps, also in standard film simulations, and you get great footage where you will not notice any lack of color detail, unless you really look for it.
And you are right, you will mostly only notice lack of color detail (if any) in nature shots with little color contrast.
f-log2 is less good for such shots. Along with higher dynamic range, the chroma channels are compressed as well, which might be one of the reason that f-log2 has less color detail.
if you want specific modes to compare in advance to your purchase, let me know, I am happy to help.
Apart from color detail discussion, what is definetly great is the 4K 120p (always record at 720Mbps LongGoP, which convert to a 140Mbps Clip, if you want best quality). According to dpreview Video Stills Comparison Tool, its even better than A7SIII in terms of details captured. I saw only GH6 might beating it a little here.

The magenta cast in the reds I also noticed and don't like so much, but I understood fujifilm did that on purpose to please skin colors (see interview link below). You can easily correct in post if you want (hue vs hue curve in resolve for example). Also some of their film simulations don't have it as strong (I think also eterna tends more to red compared to provia)
For skin color captures I believe there is nothing to complain. Here the smoothing tends to even give advantages. My G85 skins are clearly worse, especially at higher ISOs, where X-H2s keeps colors under control pretty well.
Unfortunately I don't have its real competitors in my hand so I am limited in comparing them.
The link to the interview:
https://www.fujirumors.com/fujifilm-managers-talk-film-simulations-origins-evolutions-goals-misunderstandings-bold-classic-negative-and-much-more/
 

Surprisingly close (bit less detail and worst highlight rolloff) considering 6K RAW vs 4K 10-bit.
PS: A is BMPCC6K & B is FX30

Yeah 4k120p seems to be the low point of the camera. It has a rather huge 1.62x crop on top of the 1.5x Super35 crop so that’s a really tiny sensor area that’s going to require tons of light not to be noisy! 
 
i don’t use 120p outside of short specialised shots so definitely not worth paying double for just better quality 120p. R5C also hasn’t got IBIS and has that terrible battery life. It’s an otherwise very impressive camera for its 8K60p RAW alone.

lol.. I do find it interesting to see these younger cats see the light so to say. But sensor size aside, the FX30 does have a more detailed 6K oversampled IQ than A7S3/FX3 and the lower 3200 dual ISO can be more useful than 12800. Only in low-light does the FX30 suffer compared to the FF versions.

I should probably mention the FX30 for me is going to be mainly as a pro tool within a certain job category. Canon is still my preferred system but I'm still undecided which route to go with them so will postpone that purchase until later. That said I am pretty excited about the little FX30. Something about that compact body and the IQ. By the way, Youtubers usually don't influence me but this guy kinda did for some reason:
 

Ok just thought I'd share that after long consideration of all the new cameras released these past few months (XH2/XH2S, R6II, S5II etc) I have decided to go with the lesser hyped FX30! It's kind of a weird decision because on paper the camera doesn't have any of the wow specs you expect today: full-frame, high resolution, open-gate etc. 
So why this choice? Well first off, I own an FS7 with some nice E-mount glass and an EF speedbooster. The FX30 is pretty much a baby FS7 so it will be the perfect B-cam or even A-cam for handheld shoots.
Then there is the form factor, ergonomics and build specs. For this price its the only camera with this type of cine oriented cageless design. With the top handle, XLR unit and active cooling this camera is ready for the most rugged run & gun. Dedicated video buttons (magnification, peaking, zebras, shutter). Zoom rocker. I also like the fact the industrial pro matte grey look, it doesn't scream consumer camera like all the alternative (non cine) options. This may seem trivial but looking the part matters when it comes to certain clients.
Finally of course the actual specs: 6K oversampled 4K up to 60p no crop in very chunky ALL-I 10-bit codecs. 4K120p. Cine EI. LUT support. Latest Sony AF. RAW output. Dual base ISO etc. Nothing crazy but overall solid video specs.
I like the idea that its a native S35 sensor. I like to shoot wide open and this gives more workable DoF. Also opens up plenty of affordable cine lenses, especially anamorphic. And I wanna go FF with my EF glass, just pop the speed booster.
The only real downside for me with this cam is the absence of an EVF and mechanical shutter. This is going to make stills shooting less pleasant, then again my phone has no EVF or mechanical shutter and I use that daily no problem so maybe the transition will be less difficult than I imagine. In any case this is a way more video oriented hybrid than lets say a Fuji XT/XH series.

Indeed. No real explanation, it's all very fishy. Watch them bounce back in a week miraculously the site is saved and is going to continue under the ownership of Smugmug as Canon's in-house magazine!

Honestly I'm shocked. No real explanation either which seems like a giant slap in the face of their community.

They won't close.
It's a big asset and will have a lot of buyers. Current staff might go over to the new non-Amazon site or they will leave and do something else, which for me would be a good thing as they're not really up to the job.
DPR has a ton of camera info that would be very sad to lose from the internet, the database of specs, and historic reviews are part of the camera world's culture and it would be vandalism of the highest order if some idiot decided to delete it all rather than keep it online. It costs almost nothing to keep a website online and I am surprised Amazon is making such deep cuts at all, as DPReview is hardly likely to be a huge loss making part of the company.
What are the REAL reasons the site is closing? It surely can't be due to money. Perhaps a big fall out at the top between the DPReview management and Amazon?
If Amazon really are looking to save a few thousand dollars running DPReview which drives a ton of traffic to Amazon for camera purchases, then how bad must it be at Amazon?!
They were hiring like crazy during covid, big profit boom, then suddenly they can't afford to run a camera blog?
Even I can afford to run a fucking camera blog.
I smell something fishy.
Either the news is fake and they already have a buyer lined up. Chris and Jordan seemed really chirpy in their jokey closing video.
Or they are all hired already by a new site and will simply rebrand the existing one.
There is simply no way they will delete it.
The SEO and Google links alone are worth redirecting to a new site domain.
Why bin it?
They're not telling the truth.

It has the worst tonality and color separation of any camera I've tried over the past 4 years. To be fair I never tried the X-T4 and 3, which are considered even worse in that regard. To add the image is also heavily oversharpened in comparison to even Sony cameras.

Also the Long-Gop codecs have heavy 1-sec interval flickering and the All-I codecs are impossible to edit on M2 Max machines even, which means you basically have to shoot ProRes.

No issues with external BRAW though, all the color information is definitely there from the sensor. The internal image processing is just awful but once bypassed you'll get a nice image. With ProRes RAW the image is even better.
Dynamic range with the 12 bit readout for external RAW is pretty much identical to the 14 bit readout, you won't get more than 12 stops either way. Only advantage over other cameras is that the X-H2s still has is its fast readout.

Yes that's because XH2S uses a stacked sensor capable of 14-bit readout under 30fps. Going above or using Flog1 drops the readout to 12-bit delivering lower RS. 4K120p goes as low as 3.9ms.
If you add to that 6K open-gate and chunky ProRes codec options, you have one of the most solid IQs in mirrorless.
This to me makes XH2S best bang for buck camera for ultimate IQ.

Yes that's because XH2S uses a stacked sensor capable of 14-bit readout under 30fps. Going above or using Flog1 drops the readout to 12-bit delivering lower RS. 4K120p goes as low as 3.9ms.
If you add to that 6K open-gate and chunky ProRes codec options, you have one of the most solid IQs in mirrorless.
This to me makes XH2S best bang for buck camera for ultimate IQ.

What I'm seeing so far from S5ii leaves me cold when it comes to SOOC standard look. Typical clinical look. But maybe demos with other profiles will change my mind. And there is always LUT support, a great feature for custom SOOC looks.
GH6 has ProRes which is such a great chunky codec and that dual gain sensor so probably the best IQ of a Panny mirrorless. M4/3 also opens up the door to so many interesting lenses. Its a real shame it didn't get PDAF, hopefully a G6 mk2 is in the works. 

The S5II is certainly a very disruptive camera at its price point. Panny has solved its Achilles heel and is now a serious contender in the FF hybrid market. It remains to be seen how reliable this first-gen PDAF is but the tests so far seem promising. 6K open-gate is super dope. On the downside 4K60p is in S35 crop mode and 120p FHD. Rolling shutter is also average at 21ms.
A7IV has a very similar slow sensor with the same 4K60p crop and even worst RS. No 6K but higher 33MP stills. Has cool things like breathing comp and clear image zoom. 
R6II should also definitely get a mention, especially in the US since it is priced the same as A7IV. It is still the only camera in its class that can shoot 4K60p no crop. 6K ProRes RAW external. 16ms RS. Best AF imo. Very easy to grade Clog3. 
In my opinion R6II destroys A7IV due to the above advantages and should be the direct competitor to S5II.
Finally OP did mention "image feel" and SOOC color science. This is were things get subjective. My personal preference is by far for Canon. Sony second with their latest gen CS. Panasonic third, its not bad or anything but I just find every single SOOC Panny footage kinda dull and vanilla. Same thing with the Panny lenses. They're very sharp & accurate but lack any type of mojo. Clinical is what I'd call the Panny look. Now this is just my subjective biased opinion, and some people actually like sharp & accurate colours/lenses.
In the end I always look at lens options and again this is somewhat subjective but for first-party options it is Canon/Sony for me. Sony for their Zeiss range and Canon because of all the affordable EF legacy lenses but RF is also solid and the non-L series RF are quite affordable. I'd probably go Sigma if I were on Panasonic.

Nice roundup. I think the FX30 and R8 could have also got mentioned but overall I agree with your assessment. 
I was all set on a FX30 just because I have an FS7 with some really nice e-mount glass but I can't quite bring myself to it knowing that Fuji just has such better specs. Lack of EVF and mechanical shutter on FX30 is I'm afraid a deal breaker. My personal Fuji candidate remains XH2S for the stacked sensor and open-gate. Some pretty good deals both new and used are also now available. 
It really doesn't make sense for me go Fuji as a Canon & Sony lens owner but I feel so passionate about Fuji, I miss the film simulations etc.. they are just creatively inspiring as well as absolute beasts in the specs area. A bit quirky ergonomics and not perfect AF but the rest really makes up for it. So yeah I'm really leaning towards Fuji at the moment as my next camera despite economically meaning a major lens investment.

New blahg post.
https://www.eoshd.com/news/whats-best-out-of-the-new-releases-comparing-the-canon-eos-r7-r10-fuji-x-h2-panasonic-s5-ii/