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RED Rocket announced

Many within the RED community have been clamoring for an official conform tool to simplify online/offline RED workflows. Well, RED's gone one better with RED Rocket.

Rocket is a hardware R3D decoder and debayer capable of realtime output of up to 30 fps @ 4K or 24 fps @ 5K. This completely removes the need for an offline (at least with the RED One - Epic will still need it at high resolutions), allowing you to work with 4K directly in FCP, Premiere, After Effects, RED Alert!, REDCINE, REDrushes or any application using the REDCODE SDK.

It is PCI-Express (laptop users are out of luck here), is compatible with Windows, OS X and Linux, and features Quad-DVI and Quad-HD-SDI.

This is bad news for DVS which just introduced Clipster at NAB, however there could be a place in the market if they can undercut Rocket's $5k pricetag and beat it to market. There is currently no ETA on RED Rocket.

Update: Jim says two months but RED's release dates have been pushed back on many occasions.