Thanks so much for all the insights Gibby, outstanding advice as usual.
I'll let you know what I end up deciding be it Red or something else. But so far the magic "meets most of my requirements" camera hasn't reared its head...
Let me ask you this one additional question, do you think that the Red with the cheap Canon HD 2/3" lens I pointed out at the beginning of this thread would be preferable to the HPX500 (with the best lens they sell it with) for run and gun? (The reason I am leaning toward the HPX500 over XDCAM as an alternate to Red is because I don't want interframe compression)