Well the wait is finally over, Again. Today Mr. Jim Jannard himself introduced a lot of great news about the future of the Epic and Scarlet lines of the RED Digital Cinema Company. It's really great how many options they are including and the perks they are including for their long time customers. The Brand New Epic-X Features are as follows: (with my comments thrown in)

RED DSMC (Digital Stills and Motion Camera)

New MYSTERIUM-X 5K sensor
5K (2:1) at 1-100fps
4K (2:1) at 1-125fps (more than is currently available in the RED One at 2k)
Quad HD at 1-120fps
3K (2:1) at 1-160fps
2K (2:1) at 1-250fps (hopefully it will be a sharper 2k than on the RED One which is not great.)
1080P (scaled from full frame) at 1-60fps (one of the most exciting ones for me given so much documentary type shooting could be easily handled with a pristine 1080p master)
Increased Dynamic Range, reduced noise (the most obvious need to meet the film standard)
Time Lapse, Frame Ramping (probably just an improved version of what's on the RED One)
REDCODE 250 (Awesome for some things but that's a LOT of data, I will stick to a lower number most of the time)
ISO 200-8000 (I would love to see some relatively clean stuff at 2000 at least)
New FLUT Color Science (What is FLUT you ask, we'll just have to wait and see how important this will be)

Completely Modular System, each Module individually upgradeable
Independent Stills and Motion Modes (both record full resolution REDCODE RAW)
5 Axis Adjustable Sensor Plate (sounds cool but I'm not sure how hard it will be to simply set back focus.)
Multiple Recording Media Options (Compact Flash, 1.8” SSD, RED Drives, RED RAM) They are supposedly having 2 compact flash slots which will be very useful and finally catching up with the times.
Wireless REDMOTE control (A very good idea and something that should've been around long ago.)
Touchscreen LCD control option (cool but not indispensable)
Bomb-EVF, RED-EVF and RED-LCD compatible (I am VERY happy about this one)
Multiple User Control Buttons
Interchangeable Lens mounts including focus and iris control of electronic RED, Canon and Nikon lenses (along with Zoom data) I already have a Birger mount but this will be great to have it all built in.
‚ Touch Focus Tracking‚ with electronic lens mounts and RED Touchscreen LCDs. (WHAAAAAT?)
LDS and /i Data enabled PL Mount (A Requirement more than a development)
Rollover Battery Power (That's cool)
Independent LUTs on Monitor Outputs (A great idea for the client monitor)
Independent Frame Guides and Menu overlays on Monitor Outputs (Another very useful client monitor addition)
Monitor Ports support both LCD and EVF (YAY 2 LCD's at a time)
True Shutter Sync In/Out and Strobe Sync Out
720P, 1080P and 2K monitoring support
Gigagbit Network interface and 802.11 Wireless interface (Finally my iPhone will not have more power than my 30k camera.)
3 Axis internal motion sensor, built in GPS receiver (Pretty slick, oh the possibilities)
Enhanced Metadata
Full size connectors on Pro I/O Module. AES Digital Audio input, single and dual link HD-SDI
Support for RED, most Arri 19mm, Studio 15mm, 15mm Lite, Panavision and NATO accessories. INDUSTRY STANDARD IS INDUSTRY STANDARD. I'm glad they're realizing this more and more.

Dimensions- Approx. 4‚'4,'5.5‚'
Weight (Brain only)- Approx. 6 lbs (2.72kg)