I think this is genuinely a HUGE step.
Rarely, do we get such a big leap out of nowhere like this. I've never felt like any other camera was anything other than just good, or expected in 2019. This is different. It's like having a full frame Pocket 4K with nobs on... from the future.
This image sits in the cinema world, not the video one.
I've shot some S1 10bit V-LOG with it this weekend. Here's a frame:
Compared to the X-T3 10bit F-LOG, dynamic range seems wider and shadows cleaner. Image is creamier, and less noisy at high ISOs. Base ISO is 640 in V-LOG, but extended ISO can go a bit lower.
Compared to A7 III S-LOG 2/3, the codec is far more robust, less banding and compression, it looks like ProRes.
I'll upload the original MOV files soon.