Interesting read.
I can see the cross over points, and they seem logical. But I cannot see the two big boys rolling over, and let an almost unknown company do damage to their main business.
The red stuff looks interesting, but does not seem geared to a photographer, it's primary video, and pretty serious at that. Mass market lies with consumer sales, and Canikon seem to have a very tight hold on that.
If it's even possible to build a machine that can fully satisfy both serious video and stills shooters, remains to be seen. And then it's open to debate if the majority of photographers are also very keen on video..they might be for a play about, but are they going to shoot serious stuff with it?
The Panasonic approach seems to have more appeal for both size and consumers.