And now I'm going to back that bold statement up, so read on...
The Red One was hailed for bringing cinema quality video down to 1/10th the price it was previously. And the Canon 5D Mark II is 1/10th the price of the Red One. But the Red One wasn't an evolutionary step on the way to the 5D Mark II. They were essentially developed simultaneously, and darn near released simultaneously. So really, in a single product generation the 5D Mark II brought cinema quality video down to 1/100th the the price.
Think about that a bit. One day you need a quarter million dollar camera to shoot a movie. Then you wake up the next day and can shoot the same movie with a $2500 camera, and your audience wont be able to tell the difference. I personally can't think of another technological change that in a single generation has even come close to a disruptive price drop like this (if you can think of something, please let me know in the comments).
So how did this happen? Are Canon's engineers just that much smarter, developing technology just that much faster? Nope. Funny thing is, Canon wasn't even trying to develop a video camera. They were just working on the next iteration of their entry-level full-frame DSLR, certainly a big improvement over the original 5D, but nothing unexpected. And then video capability was tacked on at the last minute without much fanfare. It was such a tiny change to add video that Canon probably accomplished it with nothing more than a firmware update. But this tiny change had a giant impact because it connected video with the economies of scale that had long existed in DSLR photography (and in film SLR photography before that).
A tiny technological change, but a giant change in economies of scale. That's the kicker. And for the entertainment industry, HDSLR cameras are even more disruptive than this hundredfold cost reduction would lead you to believe: on day one there was already a huge existing user-base intimately familiar with these video cameras of the future. There are hundreds of thousands of DSLR photographers (whether professional or amateur) who are truly masters of photography, who have long used these cameras and lenses, and it's a small step for them to bring their skills to video. In other words, there's already a highly skilled workforce, ready to go. And that means things are going to happen really, really fast.
So DSLR photographers, meet your new side job (or career): making TV and movies. Of course there is some work to do. TV and movie making involves so many different skills that we need to bring together... writers, directors, actors, photographers, audio engineers, not to mention friendly free-software nerds like yours truly.
And as long as we're at it, we might as well borrow some great ideas from the open-source world: distributed teams and the tools needed to make them productive. This is the future, isn't it? It's the future that our Novacut distributed video editor will make possible.