It's great to get an HDMI output. But comparing it to an Alexa is going a bit too far...
Is it? Revenge of the Great Camera Shootout 2012 - Part One: Starting With Darkness on Vimeo
I agree with you on the grading part, and definitely an iphone 4s requires much more effort
to deliver anything usable. But "revenge of the great Zacuto shootout" shows very well that
the camera is nothing without the talent driving it.
Sure, no piece of equipment is anything without the right talent. But for a big client of us for which he hire great shooters and DPs, we use a mix of Canon, 5D, 7D, C300, Sony F3, Red, Alexa, all in different teams, all at the same time in different locations, Ill keep the 5Ds for the B-Roll stuff, but will never take it for the talent delivering lines. Too much of a risk. That comes from Alexa or F3 recording out to a Samurai in 10 bits, which you end saying thanks after you get the stuff needing extreme grading for being totally overcast days...