I'm not saying it will happen quickly, but if technology advances to where the frame rate can be 24 fps and a full RAW image can be captured for each frame, we'll be there.
Well, Nikons V3 can capture 60 full res raw files, i.e similar 18MP to the 1Dx or the run of the mill APS-C cam, per second, or 20fps with tracking AF. So much for "quickly"
But how much effect that can have on photography is very genre dependent. For sports its quite an advancement. For anything planned not so much. And once you bring flash into the game its at least massively expensive (get me some Scoros, and that's w/o requiring high power) or way beyond that. Replace that <10kg mobile unit or some flashguns with multiple trailers filled with gear...
As for picking frames from a video...both technical details like motion blur and artisitic&narrative decisions are often mutually exclusive, or at least not exactly helping each other. That's for absolute minimal budget/low quality, otherwise definitely unavailable material or fools.