Uggh, everything Adobe touches turns to shyte. Expensive shyte.
I realize this isn't a very informed comment, but my emotions were running high when I read the words Adobe and Blender in the same sentence. I love Blender and the extremely helpful community of Blenderphiles. On the other hand, my experience with Adobe products has been frustrating (I like to blame clunky software rather than my user incompetence, but still that's my experience), and I see Adobe trying to make more money by forcing people into subscriptions. Some of us hobbyists/enthusiasts/wannabe-filmmakers don't have the money, or the need, for full time subscriptions.
I think what a lot of us would like to see is Apple becoming a supporter of Blender!
Anyway, long live the creative open source tools for the starving artists!
Definitely aspiring film makers don't need 8K. But that's my point: 8K raw is the only codec that works sort-of smoothly in the NLEs. The more "reasonable" 4K and HD resolutions are nearly impossible to edit because of the codec (HEVC All-i). I hope you're right and the NLEs (or Canon) make changes so that editing the R5 footage is practical without transcoding or using proxies.
Yes, what a disappointing piece of news! This camera will be basically useless for the aspiring filmmaker if he needs a totally specced out professional desktop computer just to do basic edits. It appears that so far 8K raw in a 4K timeline is the only codec that somewhat plays smoothly in the major NLEs, which isn't a bad thing, except for the fact that now the camera gets limited to about 20 minutes of record time before overheating. And that's without color correction or any other modifications in the NLE.
Maybe some commentary on the different bitrates for the different shooting modes (8K, 4K, High Quality 4K, etc.), so we have an idea about how much storage media we're going to need (i.e. what size cards to buy for our purposes). This will also depend on the quality of the different modes, like if one mode is crap then the bitrate won't matter since we won't use it).
Also, how well the H265 codec plays with different softwares, namely Davinci Resolve and FCPX.
I had the same idea because the color editing tools in Davinci Resolve are really good. So I tried to edit Canon raw photos in DR, and was overall impressed with the look I could get. Unfortunately there was a huge lag between the changes I made and their updates in the viewer. So, in the end, it wasn't a practical way to work with photos. Maybe the program (and my computer) is just not optimized for the high megapixel photo-editing work. I don't know. I went back to using Affinity Photo.