Straight from the horses mouth:
"RED and Adobe share the goal of enabling the most advanced tapeless post-production workflows in the industry. With native support for RED R3D files in Adobe Premiere Pro CS4, Adobe Encore CS4, and Adobe After Effects CS4, Adobe is furthering the integration of tapeless camera formats into its line of professional video products, and making post-production workflows faster, more flexible, and more efficient. RED's Digital Cinema camera line, the new RED plug-in, and Adobe video tools provide an exceptional solution for video professionals who want to harness the full potential of raw digital cinematography while tapping the efficiency of tapeless workflows."
Simon Hayhurst, Senior Director, Product Management, Digital Video and Audio
the back control panel is obviously detachable and adjustable... just look at the super wide pic, you can see it on the side hooked to a rail it seems.
Very smart! I always hated the Red One back screen's lack of ergonomic sense.