I just read through a "what you need to know" over at DPReview. Impressive outside of the pixel binned FF 4k. S35 4k is oversampled but the full sensor 4k is not going to be as great. It does offer 8k that can be recorded to a V60 card which might be small enough to use in place of 4k. We will have to see how it all shakes out. This release makes me think the A7IV and the A7rV are probably going to have similar video restraints as previous generations of Sony bodies where the S35 mode is the best looking mode. Maybe 10bit is here to stay.
I was hoping this event would trigger a firmware update response form Canon on the R5/R6. These two companies seem like Lowes and Home Depot. They have learned it is better to always be close together.
What did Sony mean by "no blackouts?" Are they talking about a 30 minute recording limit. Binned 4k would be unfortunate as is 8K limited to 30 fps or 4:2:0. <--Not sure about the last point, is the 8K 420 or 422?