As the OP of this thread it's sad to see it degenerate into an argument solely about price, mostly by people who can't afford any Phase back, and compare it endlessly to a D800E, which is a very different beast. That is silly and not what this thread is about.
I simply wished to point out my disappointment that when CMOS finally arrived its in a fairly compromised form compared to what we expect from CMOS sensors here and now. Fast shooting, video capable, high ISO, highest resolution, are the norm, but we only get a high ISO from that list. Going back to a fairly strong crop factor is also a big negative for contemporary MF back users who might have considered this product. I expect a few people at Phase were a little disappointed at Sonys decision to make a substantially less than FF sensor, but of course they can't really say so.
Hopefully an IQ3 back generation will arrive at Photokina, along with a new camera body. Maybe the 3rd generation IQ's will have faster frame rates, mini HDMI out ports for external monitors, thunderbird, and in the case of the CMOS sensor, an EVF connection port.
Meanwhile I agree with the poster on LuLa who posits an RXM by Sony with fixed Zeiss lens (40/50mm?) and this MF CMOS sensor, with optical /EVF finder options. That would be great, and I'd be first in line to buy.