Dino
Veteran
I seriously doubt any of the majors are going to put out a motion picture camera (indeed designed primarily as a motion picture camera - not a still camera that is able to record motion pictures as a secondary function) combining anything akin to a 35mm, APS-C or 4/3 imaging chip with a recording format like AVCHD (AVCCAM). There just simply isn't a viable market for such a beast.
If Panasonic (or one of the other majors) puts out a camera with a large imaging chip like that, truly designed as a motion picture camera, it's going to be a camera with a price tag well into 5 figures, aimed at real feature film-makers with something at least resembling real budgets for making their films (not struggling ENG-like wedding and event shooters merely wishing they were major motion picture film-makers), and they aren't going to weigh it down with a low-end codec.
Robert,
The majors have to be looking at how many 35mm DOF adapters have been sold as well as Canon 5D's, 7D's and the Scarlet anticipation. Building a prosumer level large sensor camera with low-end codec, VDSLR GH1 sensor that leverages technology already developed for the consumer market(Panasonic is first and foremost a consumer electronics company) wouldn't cost that much money.
There is a market at a sub $10K price point, IMO. Were this not the case, RED would not be coming out with the Scarlet family of cameras. Panasonic need only raid their parts bins and leverage their consumer technology investment.