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I really don't think Canon cares what RED does. Canon competes with Sony and Panasonic. The entire RED vs. Canon is a marketing effort created by RED as far as I can see.
hey Kenneth, its been a while
The November showdown was a product of RED. But Canon is now basically competing with RED because they've entered the motion imaging/digital cinema market. At some point I think there will be a Canon camera that reaches into the upper high end.
I think Canon definitely is aware of RED. Remember their little poster when they released the 5DMkII firmware? That sure looks like a playful poke at RED and now we know they had started working on the C300 at the time this poster came out.
I have no doubt that Canon knows who RED is, but I question the extent that many people on forums think that Canon develops their strategies in response to RED. For example, a lot of people thought Canon brought out that 4K concept cam in response to Scarlet's pricing on November 3rd. Not a chance. I don't think Canon is nimble enough to do that.
I really don't think Canon cares what RED does.
They should if they are interested in being a player in digital cinema.
ENG. Seriously. Electronic news gathering with a super 35mmm chip. No way. C300 is the indie filmmakers cam. The scarlet is strictly for the big boys that have the time and money to deal with all the post hurdles and bugginess. The canon is the perfect indie cam.
If we are looking for production niche abbreviations, I agree that the Canon is not an ENG cam, but most def a great EFP camera. This camera is going to be all over TV, if this price rumor is correct.