I've also seen RED camera shot so that it looks like ENG Video.Umm....I've seen actual amateur 'FILM' (shot on 35mm) that looked like video. I'm talking stuff that did not give me that WOW factor that professionally shot movies do. I have to believe that HOW it's shot makes a heck of a difference.
Edit: I wish I could find it but the most recent exampe I seen was an actual pilot for a TV show. It did look good but a lot of folks thought it was a video camera with an a adapter. SOme of the scenes looked...videoish.