Bullpucky.
There are plenty of professionals using and making films and money with this camera.
Definitely. But not in every scenario. An HPX500, for example, is approved for every HD Broadcast scenario, and will not present most issues the 7D has. Yes, no 35mm DOF, but also no Aliasing and decent low light/ and better codec. Of course, the HPX is a 10 000 USD camera, heavy, shoulder mount, etc.