Latest GP3 Black update took it back under 35mbps... Solve the card buffer issue and get it into the 50 range again and re-lensed, I might start agreeing with you Denny. That said, have you seen 5D3Raw???
Plenty of reasons why you may still believe that you are doing the right thing but at the end of the day you have to ask yourself some important questions. Am I getting a return on my investment and is the perceived quality what I was expecting. Does the client see me as being any better than the opposition. In terms of still photography those who based their pitch on my camera has more pixels than your camera went out of business because they did not focus on the right thing which was to take the best pictures. A hollywood director does not care what camera you use only that the footage is what he wants to see.
The high data rate will only help you if you are going to start swinging the camera about which will only produce crap anyway.
Then what do you do with it, 99% of the time the typical work that gets handed out to small time video outfits ends up on youtube or a web site.
Even when I shoot CGI stuff it is usually only requested at 1440x1080p.
The possibilities that targa files can bring to the table make more difference than you will ever need in all probability, the dynamic range from a protune GoPro is good enough that nobody could see any difference accept in a lighting situation that you will never encounter doing AP. If I need to go beyond what I have typically used in the last year (Nex-7) with a Zenmuse. I don't need anything more. Because when I have finished with it in the edit suit you would not know that it had been cut with red footage. The most important aspect is the accuracy of the stabilisation. There is no point in having footage from a Canon 5D-3 if it has even slight movement because you cant fix that kind of problem and make it blend. You simpley make life difficult for yourself for no reason. Unless you can match the stabilisation of a small camera then you have no benefit in using a DSLR. I am sick to death of directors sending me footage to try and rescue that has been shot with a DSLR.
FWIW I have 4 foot x 16 foot panoramas stitched together from GoPro 3 12mp. stills recorded whilst shooting video.
First I correct the distortion in photoshop as a batch and then with On One software expand the image (lossless) and then using photoshop stitch the images together and finally color correct with the levels function. It is rare to need this size of reproduction but it shows that there is not much wrong with the lens. In my last book I never needed any file size over 12 Mp.