Totally agree on this point. RAW is great, but the BMPCC has shown that simply moving to 10-bit makes all 8-bit cameras look like a joke. For the big players to have not gotten on-board by now is utterly baffling. Especially since ML has proven the existing hardware is completely capable. Some codec licensing deals and a few months of firmware dev would pay for itself 50x over.
When we talk about GoPro we're not talking about their existing product line, we're talking about a hypothetical future "cinema hobbiest" line that would, in theory, come with a set of 4 adorable little swappable lenses, offer manual exposure control modes, shoot 10-bit CineForm ProTune Log-Curve at 2.7Kp30 and 720p120, and cost something reasonable (say under $650?) Maybe even bonus features like mic input and monitor output, depending on cost.
Why would GoPro do this?
1. Zero legacy baggage. Canon and Nikon have pressure from multiple directions to not innovate in video. They have existing professional video products which will be affected, and they have bread-and-butter wedding photographer customers that get angry that their photo cameras are being complicated by video features.
2. Unlike those same players they have CineForm. No messy codec licensing issues to worry about.
3. Most Importantly: They are a marketing powerhouse, and they seem to have an effective supply chain and retail presence. They've shown they can make a compelling argument why people need to buy their product, and they can manufacture and distribute it.
-EDIT- 4. They've already saturated their own market. They can keep improving the existing GoPro by making it smaller, but is that going to bring them substantial earnings growth? Their days of quadrupling revenue in a year are long over unless they come up with something fresh and new.
Advantages #1 and #2 also apply to BlackMagic, but BlackMagic is straight up terrible at #3. BlackMagic has Da Vinci Resolve, which is fantastic, but they also need to offer a hobbyist-level workflow like GoPro Studio if they ever intend to sell into that market.
People buy cheapo DSLRs for many reasons, but there's a giant market segment that just want to take better pictures than their cell phones are capable, and don't want to blow $3000 to do it.
How many people walking around with the T3i Kit from Costco are actually getting better pictures than their cell phones? Not many. Why? The kit lens is junk and won't give them the low-light capability and holyshit BOKEH they expect from a "better than a cellphone" camera.
So maybe the future of the low-end DSLR is Sigma showing up on the scene with a light mirrorless body offered with a wide-aperture kit lens, and low-noise sensor that's actually worth a shit in low-light and gives people their insane bokeh, and has on-camera shooting modes that make amateurs able to use it effectively (imagine a Canon 'creative mode' that actually works properly). Then actually backs this product up with marketing savvy to tell people why these features will make them an instagram hero.