Canon developing a new camcorder that outputs 50mbps

The press release from Canon:
Canon adopts MPEG-2 Full HD (4:2:2) file-based recording codec for upcoming professional video camcorder
New Canon MPEG-2 Codec chosen for file-based professional video camcorder promises compatibility with industry-standard editing & processing software

TOKYO, February 2, 2010—Canon Inc. announced today the Company has adopted an MPEG-2 Full HD (4:2:2) file-based recording codec for a new professional video camcorder currently under development. The Canon MPEG-2 Codec will enable high-quality imaging and audio performance with up to 50 Mbps data recording and twice the color data of HDV^*1 profile formats. File-based recording helps video operations realize greater efficiencies during post-production processing, making it an ideal format for many industry applications such as newsgathering, documentary filmmaking and event videography.

• MPEG-2 Full HD compression and 4:2:2 color sampling
  The adoption of MPEG-2 Full HD (MPEG-2 4:2:2P@HL compliant) compression enables the recording of 1,920 x 1,080-pixel full high-definition video. Additionally, compared with the 4:2:0 profile format used in HDV and other standards, 4:2:2 color sampling offers twice the volume of color data, providing double the level of color resolution.
• Maximum 50 Mbps data recording
  With approximately twice the data volume of HDV, the Codec supports higher resolution and increased color data to enable the recording of high-quality video.
• Industry-standard MXF^*2 file format
  MXF (Material eXchange Format) is a widely supported open source file format for the recording of video and audio and metadata, developed to suit the latest editing systems used by broadcasters.