I agree that this camera system is not aimed at us. I don't even think that it's aimed at the US market. I think this is more intended for the asian market, and especially the Japanese domestic market. I guess I look at it as a kind of an upper-middle class snapshot camera. I guess the series 1 cameras are what I always thought P&S cameras should be in the first place.
The spectrum of digital image quality, from cell phone cameras to MFDBs, is now officially vast.
Meanwhile, EXPEED 3 is officially here. If the D4/D400/D800 have two of those, that will be 1200MP/sec theoretical throughput, and that's enough to do some interesting work in real-time. If it could process 40MP times 30 FPS, or 20MP times 60 FPS, it might be possible to create video frames from downsampling in real-time, instead of from decimation. A rapid-readout sensor would make all the difference here. Any such camera Canon/Nikon would close out the 5DII video generation in an instant and begin a new one.
I also think the idea of motion snapshot will find its way into professional cameras as the equivalent of a recording engineer's "pre-roll". The idea of pre-roll on a digital audio recorder is that the "tape" is always running, so when you hit the record button, the recorder already has several seconds of material recorded, just in case you missed the cue. I would not mind if the camera -- silently -- took 30 portrait frames at full resolution, starting when I half-pressed the shutter release, and let me review them quickly before saving. [The motion snapshot also reminds me of something that SNL has been doing recently when going to and from commercial, and it's a cool effect.]