This seems like a brilliant camera for journalists. Low-profile, high bitrate, gets the job done.
That is who Canon is targeting with this camera. Professionals who don't want to use an iPhone for their work.
Not intended for independent movie makers.
Going right after the Sony X70 and outdoing it right out of the box. (Glad I didn't buy one)
The question is, which NLE's will support XFAVC when it ships?