I bring this topic up not because I thought that any of us on the forum would be purchasing this camera. It is more about how far we have come in such a short period of time. I think that it would be safe to say that probably both Nikon and Canon, and probably Sony for that matter, have the technology to produce a product similar to that of the Red system. However, for those three companies, a product such as this would not fall into their current product lines and does not have a large market. Both Nikon and Canon chose to put video into reasonably inexpensive cameras because that is where the market is right now. In 5 years, every camera manufacture may have cameras similar to this at a price point that might make it more tempting to the masses.
I also think it is important to point out that Red's ad says 1-100 fps. Not every shoot is going to require 5 seconds at 100 fps. In fact most will not require half of that. However, when people need that option it is there to use. Just as not everyone needs 9fps of the Nikon D3 but it is there to use if you do need it. I could be wrong, but I do not feel as if it is Red's intent to put cameras that you just machine gun at everything you see.